Quote:
Originally Posted by Slingin Sammy 33
That's good news, glad to hear it. 
Increasing the capital gains tax in the middle of a severe recession isn't good news and is a factor keeping the market in its downward spiral. Over-regulation isn't a good thing, transparency is.
Mr. Black's response was no shock, as I'm sure most folks on Wall Street and those who understand the economy and invesments feel the same way. However the fact that USA Today quoted him and printed it on the front page is surprising. |
I believe the capital gains tax will go up from 15% to 20% two years from now, which isn't going to break backs. Top income earners won't escape being taxed at 39% by taking all their incomes in the form of capital gains, everyone should want the closure of this loophole.
As for Mr. Black, he's another Santelli, a little bitch by all account. These folks haven't yet figured out that the tea party has already been had and was lead by Obama.