Cutting corporate and capital gains tax rates helps

short-term-capital-gains-tax-in-indiaIn your opinion, what would be the most constructive thing(s) Washington could do to create wealth in the country?

Without a doubt, the most constructive things would be to maintain the rule of law and strong property rights; eliminate graft in the public sector; deregulate the private sector; facilitate the free flow of capital in the financial markets, and train the heck out of the workforce. However, those things aren’t always easy, politically popular, or even possible.

The easiest thing to do would be dramatically cutting corporate and capital gains tax rates. Period. (Read the full article as previously published in the Montgomery Advertiser Sunday June 14th…)

The opinions expressed within this report are those of John Norris as of the initial publication of this blog. They are subject to change without notice, and do not necessarily reflect the views of Oakworth Capital Bank, its directors, shareholders, and employees.