A tax code written by Obama and the socialists won’t create jobs

Texas trader Victor Sperandeo says higher taxes on hedge funds and venture capital firms will result in capital constraints and lost jobs because tax policy is being driven by envy and not practicality.

By Victor Sperandeo

You can thank our “Dear Leader” President Obama and his politburo of congressional majorities for the upcoming increase in capital gains taxes for hedge funds and venture capitalists on what is known as carried interest. I predict this will cause unemployment to go from a stated rate of 9.5%

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