“Mrs. Clinton’s Wall Street fan club keeps telling itself that she’d provide relief from the anti-growth Obama years. On the growing evidence of her policies, she’d be worse.”
Hillary Clinton’s march to the left continues, hitting a new milestone on Friday when she proposed to nearly double the top tax rate on long-term capital gains to 43.4% from 23.8%—or the highest rate in decades.
Mrs. Clinton says she wants to overthrow “quarterly capitalism,” the supposed tendency of companies to be preoccupied with earnings reports and stock prices at the expense of investment that pays off over time. Yet her plan would undermine short-run shareholder goals and long-range economic growth.
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