Three Huge Automatic Tax Increases

James Glassman warns of 3 tax increases that will take effect automatically - without action of Congress - unless Congress acts soon. Capitalism Magazine Dividend tax requires action this month. Captial Gains tax requires action this month. Death tax aka Estate Tax can wait a month or two.

Academic research has found that the dividend cut, by increasing what America's 57 million investing families can keep after taxes, boosted stock prices considerably. A paper for the prestigious National Bureau of Economic Research by Alan Auerbach and Kevin Hassett concluded that the cuts "had a significant impact on equity markets" -- a broadly positive impact. Take the cuts away, and stocks will almost certainly head in the opposite direction.

Read the whole thing.