Ron Paul Introduces Free Competition in Currency Act of 2011

``Rep. Paul introduced the Free Competition in Currency Act of 2011, H.R. 1098, in the United States House of Representatives on March 15, 2011... If passed, the Free Competition in Currency Act would eliminate capital gains taxes on gold and silver coins which are levied at rates of up to 35% for short term and 28% for long-term. Also eliminated would be sales taxes charged by state and local governments on coin and bullion transactions. A second change sought in H.R. 1098 would repeal legal tender laws which Congressman Paul believes to be unconstitutional.''