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Article: White House revives plan for a capital gains tax cut
- Article from:
- Chicago Sun-Times
- Article date:
- January 23, 1991
- Author:
CopyrightCopyright (null) Chicago Sun-Times. (Hide copyright information)
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In Washington, which is preoccupied with war, a reduction in the
capital gains rate was quietly locked into President Bush's new
budget this week.
The economy has taken such a backseat to the Persian Gulf war
that even middle-level presidential aides are unaware that the
capital gains tax cut has been resurrected. That overturns
pre-Christmas statements from the White House and Treasury Department
consigning Bush's 1988 campaign promise to oblivion.
The budget will be designed to protect a capital gains tax cut
from a Democratic "fairness" attack by surrounding it with other
proposals in an anti-recession "growth package." Whether Bush touts
it in his Jan. 29 State of the Union message ...