Here’s my friend Dan Mitchell’s latest video. As usual, it’s definitely worth watching.

According to Dan: The correct capital-gains tax rate is zero because there should be no double taxation of income that is saved and invested. This is why all pro-growth tax-reform plans, such as the flat tax and national sales tax, eliminate the capital-gains tax. Unfortunately, the president wants to boost the official capital-gains tax rate to 20 percent, and that is in addition to the higher tax rate on capital gains included in the government-run health-care legislation.