They also want to increase the capital gains tax. That would be all the beautiful dollars people make after they sell the stocks and get the cash.
By the way, all the money that you used to purchase the stocks in the first place was already taxed as part of your income tax. These people are crooks.
I would sarcastically say, "thank the liberal retards that voted these people in," but no one actually voted for these cheating, lying fucks.
The fact that the fucking Treasury Secretary even floated this retarded idea should be enough to make everyone realize how completely fucked we are. RIP your 401(k) and other retirement funds.
This will crash the market in a day and eliminate long term holding of stocks, which is the basis of sound investing.