Sam Zell Says Corporate Tax Rate 'Detrimental' to U.S.

The video discusses the impact of corporate tax rates on businesses, highlighting the need to lower the U.S. corporate tax rate. It examines the business interest deduction and changes to the carried interest provision, which now requires a three-year holding period for capital gains benefits. The speaker argues that these changes are largely cosmetic, emphasizing the long-term nature of investments and the appropriateness of capital gains treatment.

What are the implications of the capital gains tax treatment mentioned by the speaker?

Why does the speaker believe the changes to the tax provisions are merely 'cosmetics'?