The proposal likely to attract the most attention is Obama's plan to raise the capital-gains tax for Americans earning $500,000 or more from 23.8 to 28 percent. In addition, the president wants to close a loophole allowing Americans to dodge paying taxes on inherited money. These two proposals—alongside a separate plan to tax companies with assets over $50 billion—are expected to raise $320 billion in revenue of the next decade.
What do you guys think about this?
I think it's fantastic. If nothing else, at least the proposal will help cement income inequality as one of the defining issues in the next elections.