lock the capital gains tax where it is to spur investment. Up or down, it will reduce confidence and slow investment.

The Obama administration should lock the capital gains tax in for 5 or more years to ensure the investors that the rate of tax on their returns will remain consistent for years to come. Changing it could undermine our economy and we need to do something to encourage investors to invest in America. Lowing the CGT will only increase the rate at which investments are sold, not bought. Locking the rate will take the tax rate out of the equation for most investors because they know their return will be just as good now as it will be in the long term.