Delaying Tax Vote Could Crash Stock Market

US News

Failure by Congress to extend the Bush tax cuts, especially locking in the 15 percent capital gains tax rate, will spark a stock market

sell off starting December 15 as investors move to lock in gains at a lower rate than the 20 percent it would jump to next year, warn analysts. [See who gets the most money from the financial industry.]

While it is unclear how bad the sell off could be, it could wipe out the year’s gains, they warn.

Continue reading