Monthly Archives: June 1991

The Tax That Ate the Economy | Wall Street Journal | 06.24.91

Between May 1990 and this April, the U.S. suffered a net loss of 879,000 jobs. It wouldn’t have happened and there would be no recession today if the financing of small and young companies had not collapsed after 1986, when tax reform mandated raising the top rate on capital gains to 33% from 20%. Despite […]
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