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One point in the article that confuses me: Obama expects to see an increase in taxes of $118 billion due to an increase in Capital Gains tax. The way the stock market it operating right now, I don't think anyone is seeing capital gains, but they are experiencing capital Losses. No matter how much Capital Gains tax is increased, the government won't see a dime if the market stays low and no one earns any money by selling stock. It's going to take a lot of time for stock prices to get back to what people paid for them, if ever. So how does the Obama administration come up with the $118 billion figure?
By Jamie

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