While the Republicans are trying to distract the voters about Clinton’s emails, she is out making serious proposals to reform the way corporations behave.
In a recent speech, Clinton said she would like to end “quarterly capitalism.” She would extend the definition of the long-term holding period for the lower capital gains rate to two years instead of the current one year. In an article in today’s Times, Andrew Ross Sorkin quotes Clinton as saying one year “may count as long-term for my baby granddaughter, but not for the American economy.”
Even more radical, Clinton proposes to enact a six-year sliding scale for capital gains taxes. Individuals in the top bracket would pay ordinary income tax on the sale of investments for the first two years. By the sixth year, the tax would be at the current capital gains rate of 20%.
This means shareholders would take a longer view, and companies would look at long-term growth rather than quarterly figures.
So while Rand Paul is sucking up to that guy Bundy who wants to graze his cattle on our public land, and Huckabee is comparing President Obama to a Nazi, and Cruz is calling Mitch McConnell a liar, Hillary Clinton is making serious proposals about serious issues.
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