johnhaskell

As Japan Considers Lowering Capital Gains, U.S. Is Yet to See the Light

"hopefully it won't take 10 years of bad stock performance" to bring about a change in US tax policy...how does a 1% real return 1998-2008 strike you?

Anyway this doesn't matter because a cut in the capital gains tax, although it might increase Federal revenues, would not help "fairness" and "equity," which are Obama's stated goals for the tax system to achieve.