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Obama's Tax Smackdown

Regardless of whether President Obama wins reelection, he will kill the Bush tax cuts for the wealthy in December 2012. Investors will flock to take advantage of a 15 percent capital gains rate that will go back to 20 percent, dumping profitable assets ahead of the change on Jan. 1, 2013. To compound the economic uncertainty, Congressional leaders will fail, as usual, to agree on measures to avoid automatic spending cuts that will take effect in January 2013.
- Greg Valliere

Photo: Tom Williams | Roll Call | Getty Images