The worst thing I’ve seen recently, by far, is the Senate Budget Committee’s new mark-up to jack the dividend tax from 15 percent all the way up to 40 percent. What in the world are these people thinking?
This is a direct tax attack on capital, jobs, the stock market, and entrepreneurs. It would take effect next year, in 2011, which is not so far from where we are right now in late April 2010.
Read the entire article
here.