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And none of the brain dead liberals see it.
Of course they see it. It's going to benefit them........................they think.
Don't worry the tax hikes will pay for everyone be on food stamps. So then we can all quit our jobs!That'll make aMerica better!
Nancy "Bela" Pelosi still stands by the claim that unemployment payments, and presumably all kinds of welfare are the most stimulative, and prosperity driving actions the country can take.
That's just crazy, where would she get an idea like that from? What lobby is she for, the crack dealers?
If the new Capital Gains rates take place in 2013, you might see a massive sell off of assets such as real estate, stocks, metals, etc. to avoid the high increases in the tax rate. That could sink the already weak economy.
The Big boys usually just sell off an appreciated asset to acquire Cash for another investment opportunity thereby postponing any capital gains tax. The little guys that get scared out of the market so they sell off while the getting is good that gets hit. Also the estate of a small business that is forced to sell off appreciated assets to pay estate taxes get a double whammy.
It will totally F over businesses, especially small ones, but for me personally it isn't going to have any immediate effect that can't be fixed by a Republican-majority Congress later in the year. It WILL make a great case for the 'Mess that Obama left' if Romney wins and the GOP has the guts to use it that way in the 2014 Congressional elections.
Couldn't the new Republican Congress pass a permanent extension on, say, January 3rd, then President Romney sign it on the afternoon of January 20th? Make it retroactive to the first of the year . . .