Post #77123 by albaby1 on the US Policy board

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The point is to pass laws that will actually raise REV, a 5 % max state rate for three years on cap gains would raise rev and limit moving, imo.

I understood your point - I just think it's factually incorrect. Lowering the state tax rate for income to 5% would almost certainly result in a massive loss of revenue. Sure, you might induce some small subset of people to take a capital gain early when they might otherwise wait - but you also have three years of capital gains that would have been incurred in due course that end up being taxed at the lower rate. The losses from the latter will dramatically outweigh the former.

Sanders supports this bill, what else do you need to know? :)

I'm not sure what you mean by that. Sanders supports a lot of things that don't have support of the party generally.

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