Realmoney Mark Thomas toob välja hea pointi
Is the Market Ignoring Domestic Political Risk Right Now?
* The new 15% rate on stock dividends and long-term capital gains expire automatically in 2008.
* If the Republicans lose the election, those tax cuts are probably gone.
* A Democratic leadership won't let an extension bill get out of committee to get to a vote.
Tradesports.com näitab, et Respublican party kaotab kontrolli 60-protsendilise tõenäosusega.
Mark Thomas: The thing I'm most concerned about is that the new 15% rate on stock dividends and long-term capital gains expire automatically in 2008, and that is built into the valuations of high-dividend-paying stocks and the market overall. If the Republicans lose the the election, those tax cuts are probably gone because a Democratic leadership won't let an extension bill get out of committee to get to a vote. Most in the media get this wrong and think the cuts expire in 2010, but that is the top marginal rate that was cut from 39.5% to 36%. They also think -- like I did initially -- that the President could just veto (which would require a two-thirds vote to override) any tax increase, but that is also wrong because the tax cuts expire automatically without new legislation being passed.