The top federal capital gains tax rate is increasing this year. A new bulletin from Cato scholar Chris Edwards describes why policymakers should keep capital gains taxes low. If the U.S. capital gains tax rate rises next year as scheduled, these higher rates will harm investment, entrepreneurship, and growth, and will raise little, if any, added federal revenue.

• “Advantages of Low Capital Gains Tax Rates,” by Chris Edwards
• “Six Reasons to Keep Capital Gains Tax Rates Low,” by Chris Edwards