Cutting Capital Gains Tax to 15 Percent is Long Overdue

The lower capital gains tax rate will increase economic growth, increase tax revenue, reduce the annual budget deficit, and provide opportunities for Americans.

If we’re looking for a surefire way to boost tax revenue, invigorate the economy, and chip away at our annual budget deficit, the answer is clear: it’s time to reduce the capital gains tax, currently set at 23.8% for substantial gains. Historical precedent suggests that the moment to act is now.

As we get the final data for fiscal year 2025, which ended on September 30, 2025, it’s clear that efforts to rein in government spending have yet again fallen short. Despite President Trump’s concerted push to trim the budget and DOGE’s recommendations for cutting hundreds of billions in waste, fraud, and abuse, we are staring down another staggering $2 trillion deficit.

This has pushed our public debt to a jaw-dropping $37.3 trillion. While exact tax revenue figures for September aren’t available just yet, it appears the federal government collected a record $5 trillion — marking a 4% increase from fiscal 2024. However, this wasn’t enough to offset a whopping $7 trillion in federal spending.

Economic growth for 2025 seems to present a mixed bag. GDP contracted by .6% in Q1, only to rebound with a positive 3.8% Q2. Current…