03.25.10 03:48 AM
Phil Kerpen
March 25, 2010 4:00 A.M.
On Tuesday, the president signed the Democrats health-care-reform bill, but the Houses reconciliation bill of fixes has yet to become law. The Senate is debating it now and might vote on it this afternoon.
Among the bad provisions that the reconciliation bill would add to the law is a new 3.8 percent Medicare tax on capital gains and dividends. Between this and the hike that was already slated to come at the end of this year, the tax on investment income will jump from 15 percent today to 23.8 percent in 2013 if the reconciliation bill passes.
Read the rest at National Review Online.
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