CAPITAL GAINS

The ultimate tax on economic growth

NEIL REYNOLDS
September 30, 2009 - Globe and Mail
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In the 2006 federal election, the Conservatives promised to eliminate capital gains taxes for people who reinvested their gains within six months of earning them. The Tories haven't yet kept this promise. Now, though, they have a marvellous opportunity to do so. For marginal cost in lost revenue, they can set a dramatic example for the entire recession-hammered world by abandoning a destructive tax that inhibits economic growth.

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