Political Quotes

Martin Hoke: In Germany there is no capital gains tax. In Japan there is a capital gains tax of 5 percent, which I understand from…

On the recordFebruary 8, 1995
In Germany there is no capital gains tax. In Japan there is a capital gains tax of 5 percent, which I understand from accountants gets zeroed out with some exemptions, so there is effectively a zero capital gains tax. It is by creating more jobs, by having that money that would have been locked in because people are afraid to sell, they are reluctant to sell because of high taxes, that money getting recycled through the economy in a way that creates more commerce, creates more enterprise, creates more jobs, that is the bottom line of reducing the capital gains tax, is it not?
Said by
Martin Hoke
Republican · Ohio

Editor's note · Context

Discussing the impact of capital gains tax on job creation and economic activity.

Share

More from Martin Hoke

Jun 18, 1996

the Medicare trustees have just issued their annual report and the news in that report is not good. Medicare is now losing money for the first time ever. We are actually taking in less than we are spending. It is going to be completely…

govinfo.gov
Jan 23, 1996

I was on a plane last week and a fellow citizen of Lakewood turned to me and he said: You know, Martin, it seems to be the difference between the new Democrat and the old Democrat is that the new Democrats are talking a great game, a great…

govinfo.gov
Jun 13, 1996

I would like to say just very, very briefly that what this does is essentially it is a ``Buy American'' amendment that applies to landing gear with certain exceptions and its makes it clear that the landing gear that will go on our…

govinfo.gov
Apr 17, 1996

let us think about and talk about, just for a moment, exactly what the 104th Congress has done with respect to the environment, because there is so much deception that is being propagated about it, it is difficult to separate the truth…

govinfo.gov

Other voices in this conversation