March 31, 2008
Jim Tisch and Ed McClellan on Corporate Capital Gains
In this podcast, Jim Tisch, President and CEO of Loews Corporation, and Ed McClellan, Tax Counsel at PricewaterhouseCoopers, talk to Tax Foundation President Scott Hodge about the problem of the Untied States' high corporate capital gains rate.
Mr. Tisch and Mr. McClellan explain the difference between the individual capital gains rate and the corporate capital gains rate, the problem of "locked-in" assets and their detrimental impact on business decisions and job creation, the Untied States' decreasing global competitiveness in the face of European nations that are cutting or eliminating the corporate capital gains tax, and the proposal to cut the 35 percent rate to 15 percent. (18 minutes, 2 seconds.)
To listen to the podcast: Right-click on the audio file below, and select "Save Target As."
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- Jim Tisch and Ed McClellan on Corporate Capital Gains, MP3, 12.4 MB