Stock Returns Imperiled by Pay-as-I-Say Obama

While the nation was focusing on the health-care debate, Democrats passed a new budget rule that clearly signals their plan to increase taxes sharply this year. The awful details have gone largely unnoticed.

 Dividends will go back to being treated as ordinary income for those with incomes above $250,000. That means that those in the top bracket, people who hold the majority of dividends, will pay 39.6 percent tax.

American Enterprise Institute for Public Policy Research