Taxing Capital Gains

The New Hampshire House has approved a new, five percent state tax on income from the money gained on the sale of stocks or real estate. Supporters say it will raise much needed revenue for the state and mostly hits those who can't afford it. But opponents call the bill a job killer, that it will discourage investment, drive people away from the state and penalize success. Today we look at this debate.

Guests

• Robert Walsh, Democratic state representative from Manchester who is in favor of the capital gains tax
• Mike Biundo, president of the New Hampshire Advantage Coalition who opposes the capital gains tax.