Reps. Steube and Hill Champion Bipartisan Bill Aiming to Unlock Investment and Create Jobs Across America
An effort is underway in Congress to supercharge American investment and job creation. U.S. Representatives Greg Steube (R-Fla.) and French Hill (R-Ark.) have introduced the “Revitalizing Investment, Savings, and Entrepreneurship (RISE) Act,” a groundbreaking bill aiming to cap the federal capital gains tax at a streamlined 15%.
Currently, American investors face a nearly 24% federal capital gains tax, a rate significantly higher than many international competitors. This “costly barrier to investment,” as Rep. Steube describes it, can stifle the very growth and innovation that drive a robust economy.
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“Investing in America should never be a high-risk, expensive gamble,” stated Rep. Steube. “True long-term prosperity and economic security start when Washington unlocks more capital for U.S. industries. Our bill will cap the federal long-term capital gains tax rate at 15%, empowering investors to fuel economic growth and create good-paying American jobs.”
Rep. Hill echoed this sentiment, emphasizing the bill’s potential to empower Main Street businesses.
“To build a stronger, more prosperous future, we need policies that unlock capital, reward risk-taking, and drive real growth for all Americans. That is exactly what the RISE Act delivers,” said Rep. Hill. “My bill restores the proven, bipartisan capital gains tax rate that encourages long-term investment in Main Street businesses and drives innovation across our country.”
The RISE Act isn’t just about a lower number; it’s about fostering an environment where startups can flourish, small businesses can expand, and hardworking Americans can see more opportunities and higher wages.
Proponents of the bill highlight that past reductions in capital gains taxes, enacted under both Democratic and Republican administrations, have historically led to increased investment and economic expansion.
The bill has already garnered significant support from key organizations, including the National Taxpayers Union, National Venture Capital Association, and Americans for Tax Reform, signaling a broad consensus on the need for this economic catalyst. With the RISE Act, Steube and Hill are aiming to usher in a new era of American investment, driving innovation and prosperity for all.
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