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Friday, July 24, 2015

You Go Girl: Hillary to Raise Capital Gain Taxes for the Rich

     I've been critical of the tendency to always compare here to her husband as obtuse on a few different levels.

    You could say that the Left wants to criticize her for being just like her husband while the Right wants to criticize her for being different than her husband.

    http://lastmenandovermen.blogspot.com/2015/07/enough-of-hillary-and-bill-comparisons.html

    These criticisms miss two things.

    1. It's blatantly sexist to always make it about her husband

    2. It's not about personalities. The political landscape has changed since the 1990s, If Bill were to run today he'd be less conservative.

   Meanwhile, with all the criticism that her campaign has been short on content-this misses that most campaigns at this stage of the game are short on content-she actually has been much more issue orientated certainly than anyone in the GOP-Jeb does plan to 'phase out' rather than 'abolish' Medicare but provides no specifics-she actually has some pretty interesting proposals for the liberal response to the Uber Economy.

   http://lastmenandovermen.blogspot.com/2015/07/hillary-on-uber-economy.html

   Now she has some very interesting ideas about raising the capital gains tax for certain wealthy investors-call it the Mitt Romney tax-better yet call it the Jeb Bush tax.

  On this she is like her husband and in a good way-she wants to take us back to a 39.6% tax rate on certain kinds of capital gains. Actually Clinton's 39.6% rate only applied to dividends not CG so she's expanding it. But the magic number of 39.6%-that's her husband's legacy.

  "Presidential contender Hillary Clinton will announce a proposal Friday afternoon to raise capital gains taxes for assets that are held for less than six years by top-bracket payers as a way to try and encourage long-term investing, and grow the economy.

   "Clinton's plan specifically seeks to double the period of time for the 39.6 percent top capital gains rate (from up to a year to up to two years), and then institute a sliding rate scale until assets are held for more than six years."

   http://www.cnbc.com/2015/07/24/hillary-clinton-proposes-sharp-increase-in-short-term-capital-gains-taxes.html

  Mike Muse, founder of Muse Recordings, makes the case for Hillary.

  http://www.cnbc.com/2015/07/24/why-hillary-clinton-should-win-the-2016-election-commentary.html

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