Politics & Government

April 19, 2010 6:49 AM

GOP's Whitman, Poizner want to cut California's capital gains tax

Republican gubernatorial candidate Meg Whitman wants to eliminate California's tax on capital gains. GOP primary rival Steve Poizner wants to cut it in half. Both believe such tax cuts would spur investment in California and lead to more tax revenues in other forms, relying on supply-side economic principles.

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