I don't care about politics, I just do not want more taxes on trading, it's hard enough as it is.
I believe they are working upon trying to reduce it. The individual capital gains tax in the US has been decreasing over time. I believe that if you hypothetically bought 100 AAPL
@100.00 and it fell to @90.00 within the year and you sold, that would be a $1,000.00 capital loss. Your balance is now $9,000. If you waited 31 days or more and bought AAPL and made $2,000.00, then your new account balance would be $11,000. $11,000 - 10,000 = $1,000. However, you have a short-term capital of loss of $1,000. $1,000 - 1,000 = 0. Even though you are $1,000 richer, you now have 0% capital gains. There are ways to structure it.
I find several things amusing. I do not care for the man in general, but he is a very successful businessman and countries are in essence large corporations with the US being the biggest.
1. Who cares if he is no longer a business ambassador to Scotland. Who cares about a country with a GDP less then the worth of some Americans.
2. The House overwhelmingly passed legislation on Tuesday (407 to 19) that would overhaul the federal visa waiver program and bar those from Iraq, Syria, Iran and Sudan, or those who have visited those countries in the last five years, from traveling to the United States without a visa.
http://www.cnn.com/2015/12/08/politics/visa-waiver-program-house/