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The Dan Bongino Sunday Special 04/28/24 - Debate on FISA reauthorization with Speaker Mike Johnson and Mike Lee, plus Julie Kelly and EJ Antoni
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Historical taxation policy impact on stock market
Historically, taxation policy in the US was changed during FDR's era to collect both the previous year's taxes and the current year's taxes, causing people to sell off stocks and assets to meet their tax obligations, leading to a temporary crash in prices. Furthermore, the capital gains tax system does not account for inflation, causing issues when prices for assets double.
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