Capital Gains Tax Cuts, Investment, and Growth by Steven Fazzari and Benjamin Herzon* Working Paper No. 147 October 1995 (Forthcoming in the zyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIH Public Policy Brief series of The Jerome Levy Economics Institute) *Fazzari is an Associate Professor of Economics at Washington University in St. Louis and a Research Associate of The Jerome Levy Economics Institute. Herzon is a Ph.D. student at Washington University in St. Louis. We thank John Caskey, Robert Carpenter, Robert Chirinko, David Levy, and Dimitri Papadimitriou for helpful comments.