Was Biden actually talking about the bond market?
Ed Morrissey:
Morrissey also noted that Biden said he would eliminate the capital gains tax. I suspect that what he really meant to say is that he would tax capital gains as ordinary income which raise the rate, Biden is not very articulate on the stump and in debates.
Biden: First Thing We Gotta Do Is Go After People Clipping Coupons In The Stock MarketActually, the bulk of bond buyers are in the institutional market.
Morrissey also noted that Biden said he would eliminate the capital gains tax. I suspect that what he really meant to say is that he would tax capital gains as ordinary income which raise the rate, Biden is not very articulate on the stump and in debates.
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