Hillary Clinton has a plan to foster longterm growth by overhauling capital gains taxes and taxing some short-term investments at higher rates. Details of the plan have yet to be finalized, but her proposal would raise the maximum tax rate on capital gains made on assets held at least a year but no more than perhaps two or three years, currently 23.8 percent, to at least the 28 percent proposed by President Barack Obama.
Tales from the Trail
Whatever you wanted to know about the candidates’ finances, this was the week for it. White House hopefuls filed thousands of pages with the Federal Election Commission detailing the money behind their campaigns–and providing some interesting tidbits into strategy, spending and personal income.
Who filmed Hillary Clinton’s campaign launch video? The candidate’s financial disclosures to the Federal Election Commission may have solved this odd disagreement between the candidate’s campaign staff and the “everyday Americans” who starred in the video.
Ivanka Trump is one of her father’s biggest supporters. When she talked to Reuters about women increasingly taking over leadership roles in family businesses, she gushed about Donald Trump’s support for gender diversity in his own workplace at the Trump Organization.
Republican Presidential candidates are throwing jabs at President Obama on Twitter after he landed a nuclear deal with Iran. The president describes the deal as a chance for a new direction in the Middle East – and warns Congress he will veto any legislation that prevents the deal from happening.
Scott Walker’s decision to be a late arrival to the party has squandered momentum from earlier in the year. Could it be that by waiting so long to declare, the Wisconsin governor has gone from being a prime contender to another candidate for whom Iowa is a make-or-break event?