This brief assesses the effect of a capital gains tax cut on firms' decisions to undertake new investment projects and … against capital gains income, whether the market value of an investment project is affected by the imposition of capital gains … influence on investment decisions and dispute the claim that a lower capital gains tax rate would have large beneficial effects …

demonstrates the neutrality properties of the reform with respect to investment, firm financial decisions and organizational choice …. Tax rates are chosen to prevent income shifting from labor to capital income. The reform decisively strengthens investment …

demonstrates the neutrality properties of the reform with respect to investment, firm financial decisions and organizational choice …. Tax rates are chosen to prevent income shifting from labor to capital income. The reform decisively strengthens investment …

rate will stimulate investment and economic growth. In this working paper, Research Associate Steven M. Fazzari and … the cost of capital, investment, and output …