Fincher on Common Sense and Repealing the Capital Gains Tax

Freshman Republican U.S. Rep. Stephen Fincher tells The Commercial Appeal that 2011 has been a “trying year” with the many obstacles facing the country and little cooperation from the Democratic majority in the Senate. But he said he remains optimistic that common sense solutions will prevail.
“I think people are searching for stability and certainty in not only government but in the economy,” he said. “That’s one reason that we were elected in such a large number in the last election. They just want common sense solutions, if you will, to common sense problems that are really, really plaguing the private sector.”
To that end, Fincher touted his recent legislative initiative to make it easier and cheaper for companies to make initial public offerings of shares. Earlier in the year, Fincher — who left assignments with the House Agriculture and Transportation committees to take a spot on Financial Services — introduced a bill to suspend collection of capital gains taxes for 10 years.
“Taking capital gains to zero, we think, is a good step in the right direction of keeping more money in peoples’ pockets,” he said
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