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Obama's budget plan hammers investors

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Susan Walsh/AP

(Read caption) President Barack Obama speaks about the "Community College to Career Fund" and his 2013 budget, Monday, Feb. 13, 2012, at Northern Virginia Community College in Annandale, Va. Brown argues that the budget hits hard on investment portfolios

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Regular readers know I'm post-political, I find both parties to be equally useless and distasteful and Obama in particular to be well-meaning but misguided.

So don't take this as a partisan shot, just take it as frustration with something that I think could be a mess for the equity markets.

The President released his fiscal year 2013 budget this morning, he's looking to raise tax revenue as a percentage of GDP to 20.1%.  And among the various ways he seeks to do that, a serious hammering of the investor class is on the menu...

From Americans for Tax Reform:

What impact would this have on the stock market - especially in light of the fact that cash-rich corporations are finally paying out dividends and people are in need of that equity income more than ever?

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