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I support the Republicans’ Tax Cuts and Jobs Act, though I believe the package should have been revenue neutral, rather than adding to the deficit. The corporate tax cut will encourage real wage growth; the only way to raise real wages is for businesses to grow, compete with other businesses for employees, and raise the wages they offer to recruit. The tax cut will thus not only let people keep more of their wages, it will help raise their wages.


Romney Supports President’s Decision on Capital Gains

Argues such a change would favor wealthy investors over American workers
WASHINGTON—U.S. Senator Mitt Romney (R-UT) today commended President Trump’s decision this week not to lower capital gains taxes by indexing gains to inflation. In a letter to the Secretary of the Treasury, he outlined that such a change would benefit wealthy investors without supporting American workers. Additionally, he argued that amending the capital gains tax law should be done in Congress, rather than the Executive Branch.
        
The full text of the Senator’s letter is below.
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