“It certainly wasn’t the big-bang across-the-board tax-reform and tax-cut plan that I and others lobbied for. But John McCain’s ‘Pension and Family Security Plan’ unveiled today on the campaign trail does have some solid pro-growth nuggets. I’m calling it some good little stuff. The most important pro-growth measure is a reduction in the capital-gains tax rate to 7.5 percent in 2009 and 2010. Although I wish it were permanent, at least it will reward investors who scoop up undervalued assets, including bargain-basement stocks and underwater homes. Two years is not a very wide window. But this could promote a faster recovery in asset prices and wealth creation.” (10/15/08)