Clinton to propose increasing capital gains taxes

The AP reports:

Hillary Rodham Clinton plans later this week to propose raising capital gains taxes for some investors, pivoting from a 2008 pledge not to increase the rate beyond 20 percent. The policy is part of a larger effort by her campaign to encourage greater focus on longer-term economic growth rather than more immediate gains for investors_a priority for the liberal Democrats she'll need in 2016.

The new rates would be pegged to the duration of the investment, with short-term holdings taxed at a higher percentage.

Hillary wants higher taxes on the stock market. Ouch.