Elimination of Capital Gains TaxOne of the major obstacles that all entrepreneurs in the United States face when starting a new business business or expand an existing business is raising capital. Here, capital refers to the money people invest. in a company. Investment and entrepreneurship are the heart and soul of a dynamic economy. There is no other economic task more important than investing capital in new ideas and new businesses. Therefore, capital raised from an individual or group of professional investors remains a crucial source of financing for these types of businesses. In today's type of economic world, opportunities to earn good returns on a person's money must be abundant to attract investment in such businesses. Capital gains taxes significantly lower these returns, reducing incentives to invest. Removing the capital gains tax will stimulate entrepreneurship and new investments in the economy, which in turn will stimulate economic growth and increase the number of jobs. In order to stimulate economic growth in the United States, capital gains taxes should be eliminated. Members of Congress have already considered reducing the capital gains tax rate from 28% to 19.8%. Combined with indexation, that is, a reduction in the capital gains tax by any amount, this would be a vital pro-growth measure taken by Congress. However, given the volatile and high-risk nature of investments and entrepreneurship, and the importance of maintaining a competitive economy in a globalized environment, capital gains should be completely exempt from tax. A zero capital gains tax would encourage entrepreneurs to take risks, which is very important for economic growth. This would incentivize wealthy investors to invest in a certain company, which, in small numbers, would enormously increase U.S. economic growth. Writing in the Wall Street Journal, the U.S. Commission on Civil Rights said: "Cutting the capital gains tax effectively increases the flow of financial 'seed corn' to budding entrepreneurs." Additionally, from a global perspective, the United States has one of the highest capital gains tax rates. Depending on inflation, the United States sometimes has the highest capital gains tax rate in the world. In a competitive global economy, a zero percent capital gains tax rate would make the United States a haven for capital, which in the long run would boost the country's economic growth. Completely eliminating the capital gains tax would not only promote an economic “boom” in the United States, but also give this country the advantage it needs to compete on the global stage, not to mention the creation of new jobs. the tax on gains is clear.