Punishing Investment

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On Tuesday, the president signed the Democrats’ health-care-reform bill, but the House’s “reconciliation” bill of fixes has yet to become law. The Senate will is debating it now and might vote on it this afternoon. Among the bad provisions that the reconciliation bill would add to the law — special deals, an increase in the employer tax per uncovered worker from $750 to $2,000, a federal takeover of the student-loan industry — is an assault on the burgeoning investor class: a new 3.8 percent Medicare tax on capital gains and dividends...

[What a 'stimulating' effect this should have on our economy. I.e., all the wrong things.]

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