[Congressional Record (Bound Edition), Volume 154 (2008), Part 1]
[House]
[Page 1457]
[From the U.S. Government Publishing Office, www.gpo.gov]




                             CAPITAL GAINS

  (Mr. HERGER asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. HERGER. Mr. Speaker, unless Congress acts, in 3 short years 
capital gains taxes will jump from 15 percent to 20 percent. Tax 
increases, as Democrats would allow, send the wrong messages to 
businesses facing economic uncertainty.
  But what does this mean for working Americans? Simply put, fewer jobs 
as employers make tough decisions about hiring and retention. Some say 
tax relief costs too much, but history since 2002 shows otherwise. 
Lower rates have unlocked billions in gains, boosting Federal revenues 
far beyond Congress' projections which were made based on higher tax 
rates.
  Lower taxes, higher revenues, and greater growth for our economy and 
for the American workers, Congress should keep the capital gains rates 
constant.

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