Will Congress extend the capital gains tax? For people holding very long term investments, if they believe the lower tax in capital gains is about to revert to pre Bush rates, they’ll sell their holdings and take the gains at 2010 rates. The closer we get to January 1st, the more the pressure to sell before everyone else does. Increasing volume may be due to tax selling, not “enthusiasm” about the stock market.
Republicans have walked right into the trap. They don’t have the power to do anything, but will inherit the blame for everything bad that happens for the next two years. This is round one.
I heard Piglosi today stating the RePubs are reponsible for the Middle Class NOT getting the Tax Cuts passed.
All the RePubs need to do is let them take a vote, and instead of voting no, abstain. Everyone of them. Make it all fall on the Dems since they can’t do anything during the Lame Dem session anyway.
Why is this so hard for them to figger out? Then you will see which RINOs will bolt also for any future vote calls.