the current democratic montra is tax and spend as compared to the republican montra of borrow and spend. if the tax cuts can be offset with spending cuts of some kind, the dems will leave the cuts alone. you decide which one is best but i think my grandchildren would prefer we pay for our spending at the time of the spending so as to not saddle the next generation with more debt.
so i doubt the capital gains tax rate will go back to 35 percent. it will go to the spot where the cuts are paid for.
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