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Romney: ‘Big Mistake’ to Tax Unrealized Capital Gains; Will Discourage Investment, Hurt US Economy

October 26, 2021

Democrats need to rethink their plan to tax billionaires on their unrealized capital gains, which will discourage investment in the U.S. economy, Sen. Mitt Romney (R-Utah) told Fox News on Monday. “I think it’s a big mistake,” he said.

“Well, first of all, it’s not a good idea to tell billionaires, don’t come to America, don’t start your business here, to tell the Steve Jobs and the Bill Gates and people like that, this isn’t the place to begin your business, go somewhere else. That’s a bad idea,” Romney said:

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