In an interview in conjunction with his big economic speech in New York, Senator Obama tells CNBC’s Maria Bartiromo he favors increasing the capital-gains tax rate.THAT'S JUST THE START.
Bartiromo reported after her interview: “Right now, as you know, the cap gains tax is at 15 percent. He has yet to give us a specific number. How high he wants that number to go? He has said, and he told me today, that he won't go above 28 percent. So we are talking about the possibility of a doubling in the capital gains tax. He was averaging at about 25 percent.”
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Interfering with the capital-gains tax break is another way to screw up our economy and to stifle investment.
ReplyDeleteThe tax break is not just for the rich, but Obama is counting on Americans to think so.