Hillary Clinton's capital gains tax proposal is useless

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Hillary Clinton is very worried about corporations that focus on their quarterly earnings reports instead of long-term growth. She's so worried about it that she introduced a complex tax proposal that would raise taxes on capital gains held for one to six years. But analysts say the tax plan won't actually fix the problem Clinton is trying to solve.

"Hillary Clinton's Capital Gains Tax Change Misses the Mark," says a New York Times headline from Tuesday.

"Her plan would undermine short-run shareholder goals and long-range economic growth," [emphasis in original] the Wall Street Journal says in an editorial.

"Hillary Clinton's Off-the-Mark Proposal to Encourage More Patient Investors," is the headline from the liberal Tax Policy Center, written by its director, Len Burman.

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