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Obama's Most Dangerous Tax Hike: Savings and Investments

rindar Wrote: Dec 01, 2012 11:18 PM

No, Jim DeMint, Rand Paul, Mike Lee, Ted Cruz, Marco Rubio, Kelly Ayotte, and others like them will overide H-R's attempt at rules changes, by standing there and fillibustering the old fashioned way ! There'll be an oil boom, massive Fed-Govt-revenue, liscencing powqer, and Obama's handout-$$-people will clamor for more handouts, get them and then demand-support Obama to get a 3rd term, or at least he'll have M-O will run for Pres in his place, or Hillary !

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Obama's Most Dangerous Tax Hike: Savings and Investments

President Obama proposed tax hike contains a lot to dislike, but what hasn't gotten much attention is the tax hike on savings and investments. While the marginal income tax rate will rise from 35% to 39.6% for top income-earners and small business owners, the proposed tax hike on capital gains and dividends could cause the most long-term economic damage.

That's not to downplay the rise in marginal rates. It could cost hundreds of thousands of jobs over the next few years. More universally acknowledged by economists, however, is the economic harm that savings and investment taxes do. In the...

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