Wednesday, February 29, 2012

plus ça change, plus c’est la même chose.

From the Wall Street Journal:

Obama's Dividend Assault
A plan to triple the tax rate would hurt all shareholders.

...the new dividend tax rate in 2013 would be 44.8%—nearly three times today's 15% rate.

And on and on, not at all like news. More like a rant.

Here's what I noticed: There is no mention of the 100% deduction for business interest expense.

So the plan, apparently, is to keep encouraging credit use and the accumulation of debt. To reward and encourage finance rather than production and productivity.

It's a bad plan.

No comments: