Headline Roundup July 24, 2015
Hillary’s Capital Gains Policy
Featured Coverage of this Story
Townhall
Hillary Clinton is expected to unveil an overhaul of the capital gains tax rate this week that she says will strengthen the economy and create more jobs.
The only trouble is that her plan calls for raising the tax rate on investors, the ones who provide the lion's share of investment capital needed for business expansion which fosters stronger economic growth and creates more jobs.
There have been few details coming out of the former Secretary of State's presidential campaign which has been very secretive about Clinton's economic policies.
But...
Wall Street Journal (News)
Hillary Clinton will propose a sharp increase in the capital-gains tax rate for the highest earners for investments held only a few years, a campaign official said Friday.
Under the Clinton plan, investments held between one and two years would be taxed at the normal income-tax rate of 39.6%, nearly double the existing 20% capital gains rate. Neither figure counts an extra 3.8% tax on net investment income included as part of the health-care law, a campaign official said.
Vox
In a speech today at NYU's Stern Business School, Hillary Clinton plans to finger what she considers a key impediment to long-term economic growth: "quarterly capitalism." It's a brand of excessively short-term thinking in which Wall Street considerations end up doing too much to drive Main Street business decisions.
It's an intriguing way to drive a conceptually left-wing message that many business executives actually agree with, and a demonstration that there's no necessary tension between a progressive economic approach focused on fairness and a more centrist one focused on growth.
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