A major part of the 1997 Taxpayer Relief Act was to reduce capital gains tax rates for short-term capital gains, in order to stimulate investment.

Name: A major part of the 1997 Taxpayer Relief Act was to reduce capital gains tax rates for short-term capital gains, in order to stimulate investment.
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The 1997 Taxpayer Relief Act primarily reduced capital gains tax rates for long-term capital gains, not short-term, to encourage long-term investment.

A Major Part of the 1997 Taxpayer Relief Act Was