What will such a move do to an already teetering economy? It will be devastating, absolutely devastating! People tend to forget that Clinton raised taxes during his first term, and it hurt the economy. The prosperous Clinton years were a result of Clinton agreeing to lower the capital gains taxes during his second term. Such a move caused the economy to take off and prosperity followed. That is what so many Americans remember, but most don't know why this occurred. Check out this video from Dick Morris which explains what happened in better detail.
Good ole Barack wants to raise the capital gains tax, in addition to income taxes. If you think things are bad now, hold tight because it will get a whole lot worse.
Read from Human Events: