Obama’s Attack on Investors
A major TV network asked me last week to comment on the “growing inequality issue between the rich and the middle class.” I said Americans are more concerned about other issues, such as jobs and ObamaCare, but the reporter insisted that inequality was THE issue of the day.
President Obama is making inequality #1 issue in this year’s midterm elections, which means hold on to your pocketbook!
Obama has already signed into law a sharp tax increase on investors: short-term capital gains rates are going up to 39.6%, long-term rates from 15% to 20%, plus an additional 3.8% tax on capital gains to pay for ObamaCare.
We fought long and hard for tax relief for investors, and it’s all disappearing fast.
Read more about how Obama’s assault on investors will affect you at Eagle Daily Investor.