End the Capital Gains tax preference. Tax unearned income at the same rate as worker's income.
Why is this important?
Ending the low tax rate for Capital Gains is the single most important fiscal policy step the President should take. By fueling the real estate bubble, it was a fundamental cause of the financial meltdown. It's not fair, and it's bad for the economy. While the 99% labor, it pays the rich not to work.
