While people are talking about extending the Bush tax cuts there is one aspect missing from the discussion; the capital gains tax increase. If they don’t address this issue there will be a giant sucking sound as money comes flooding out of the market before the end of the year as investors elect to take their profits at the lower tax rate. Who knows what the consequence of this might be on the market but stability and growth aren’t phrases that come to mind.
Roy Magno
www.RoyMagno.com
No comments:
Post a Comment