Hillary Proposes New Tax on Your IRA
21st October 2015
Hillary Clinton has proposed a new tax on stock trading. The tax increase would only further burden markets by discouraging trading and investment. Inevitably, costs associated with this new tax will be passed on to millions of American families that hold 401(k)s, IRAs and other savings accounts.
Clinton always comes up with an excuse for why she needs to raise even more taxes on the American people. This time, she claims that her plan will curb “unfair and abusive trading strategies” – as defined by her and her future appointees in the federal government, of course — and levies a tax on Americans who make “excessive” order cancellations when trading on the stock market. The campaign has not said what is considered “excessive” or how high this new tax will be.
Hillary’s only virtue is that she isn’t as bad as Bernie Sanders.
October 21st, 2015 at 11:46
Tim says, “Hillary’s only virtue is that she isn’t as bad as Bernie Sanders”.
I disagree. Bernie is at least honest about being a socialist. Yes, his ideas are bat-shit crazy – like all socialist plans – but they are on the table. Hillary claims to be whatever she thinks the audience in front of her wants to hear. She doesn’t announce plans; she floats trial balloons – something she learned worked well during Bill’s administration. All of her deals are backroom.
I don’t want either one of them, but there isn’t a single “evil” button that Hillary doesn’t push.