TITLE

The Newt World Order

AUTHOR(S)
Walker, Lewis J.
PUB. DATE
January 1995
SOURCE
Journal of Financial Planning;Jan1995, Vol. 8 Issue 1, p12
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The number one theme affecting financial planners and investment advisors is a sudden case of tax cutting fever sweeping through the ranks of newly empowered Republicans and survivalist Democrats. It is informed that Republicans support reduction of the capital-gains rate to 14 percent compared with the current maximum of 28 percent rate. Another concept applies a 50 percent capital-gains reduction to the earned and ordinary income marginal rates of 15 percent to 39.6 percent, resulting in capital-gains rates from 7.5 percent to 19.8 percent. It is informed that in a competitive world embraced by the North American Free Trade Agreement on Tariffs and Trade, and American-Pacific Economic Cooperation, it is increasingly recognized that many of the new business competitors in the U.S. operate in low-tax, low-regulation environments. It is opined that any lifting of the bureaucratic yoke will spur business investment and growth-stock sectors. Financial success is learned and earned. The author opines that supply-side revolution was good for consumers, business, investors and their advisors in the 1980s and it will be the same in the late 1990s.
ACCESSION #
5553879

 

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