Republican Tax Cutters Outdo Bush in Defiance of Buffett
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At least five Republican presidential candidates support eliminating taxes on capital gains, proposing even deeper cuts than former President George W. Bush endorsed and standing in contrast to advocates of higher investment tax rates such as Warren Buffett.
Former Utah Governor Jon Huntsman became the latest candidate to back a zero tax rate on income from investments in a speech yesterday, pitching the idea as part of a job-creation plan that includes what he described as a revenue-neutral overhaul of the tax system.