Brown Rips Whitman’s Plan To Cut Capital Gains Tax
LOS ANGELES (AP) — Democratic candidate for governor Jerry Brown is calling on his Republican rival to reveal how much she would personally gain from her proposal to eliminate the state capital gains tax.
At a news conference Thursday, Brown estimated eliminating the tax would cost California $5 billion and result in more cuts for public schools.
He also estimated that Meg Whitman, a billionaire, would personally save at least $15 million. Brown says he calculated that figure from the $142 million in personal funding Whitman has pumped into her campaign.
Whitman has acknowledged she would save money as an investor by eliminating the tax, but has declined to say how much.
Her spokeswoman, Andrea Jones-Rivera, said the tax cut would allow businesses to create more jobs.
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