USNews reported:
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As part of his "Tax Fairness for the Middle Class" plan, Barack Obama is in favor of nearly doubling the capital-gains tax rate from 15 percent to 28 percent. Leaving the fairness issue aside for a moment—as well as the impact of higher taxes on economic growth—the Obama plan could also be called a "Ways in Which Government Can Collect More Taxes to Pay for New Spending" plan, since Democratic candidates are all scrambling to figure out ways to plausibly pay for new healthcare, education, and infrastructure spending if elected.
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At a time when Ohio home owners are struggling with mortgages, foreclosures are at a record rate, Obama wants to increase taxes not only on home property sales but - reported elsewhere - also tax first home sales that have historically been exempt?
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