Last night in the State of the Union Address, Obama proposed that everyone who has a million dollars should pay 30% tax. Newt took a moment to address this today saying that what Obama suggested would double Capital Gains tax which would end up being the single most anti-jobs measure he could take because it would adversely affect every pension and 401k, it would drive capital overseas and adversely affect job creation. He says it would be a disaster of the first order:
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