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PRESS RELEASE FROM AMERICANS FOR TAX REFORM
Contact: John Kartch ( jkartch@atr.org or 202-785-0266)

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9/19/01

Capital Gains Tax Cuts
A Sound Policy for Economic Victory

WASHINGTON - Now, more than ever, America needs a strong economy. Fortunately, policy makers from both parties and economists across the country have turned to one of the most proven ways for spurring economic growth: Cutting the capital gains tax.

"Since 1980, every time Congress has lowered the capital gains tax, the economy has grown at higher rates," said taxpayer advocate Grover Norquist. "The relationships are undeniable, and particularly profound during periods of slow economic growth, such as we are experiencing today."

"Cutting the capital gains tax, together with increasing domestic energy production and lowering non-defense spending, is what we need to achieve our ultimate goals," continued Norquist. "Democrats and Republicans should come together immediately to help spur a weakening economy."

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Americans for Tax Reform is a non-partisan coalition of taxpayers and taxpayer groups who oppose any and all federal and state tax increases.  For more information, or to arrange an interview with Mr. Norquist please contact John Kartch at (202)785-0266 or by email at jkartch@atr.org.