Congressional Research Service Reports - 4 Matching Results

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Capital Gains Taxes: An Overview

Description: The capital gains tax has been a tax cut target since the 1986 Tax Reform Act treated capital gains as ordinary income. An argument for lower capital gains taxes is reduction of the lock-in effect. Some also believe that lower capital gains taxes will cost little compared to the benefits they bring and that lower taxes induce additional economic growth, although the magnitude of these potential effects is in some dispute. Others criticize lower capital gains taxes as benefitting higher income individuals and express concerns about the budget effects, particularly in future years. Another criticism of lower rates is the possible role of a larger capital gains tax differential in encouraging tax sheltering activities and adding complexity to the tax law.
Date: August 30, 1999
Creator: Gravelle, Jane G.
Partner: UNT Libraries Government Documents Department

Excise Taxes on Alcohol, Tobacco, and Gasoline: History and Inflation-Adjusted Rates

Description: This report provides inflation-adjusted excise tax rates for alcohol, tobacco, and gasoline products. The base for computation is November 1951. All of the above cited commodities had rate increases effective for that date under the Revenue Act of 1951. The adjustments show what the tax rates would be in 1999 if they had been increased to reflect inflation
Date: April 22, 1999
Creator: Talley, Louis Alan & Cashell, Brian W.
Partner: UNT Libraries Government Documents Department

Alcohol Fuels Tax Incentive

Description: This report discusses federal tax subsidies for alcohol transportation fuels, as well as legislative actions underway to repeal, extend, or reduce them.
Date: June 23, 1999
Creator: Lazzari, Salvatore
Partner: UNT Libraries Government Documents Department