Review of Hillary Clinton's Capital Gains Tax Proposal

In a speech in New York City today, Hillary Clinton set forth a proposal to increase the holding period needed to obtain the lower tax rates applicable to long-term capital gains. Her proposal apparently applies only to that portion of  a taxpayer's income that would otherwise be taxed at the 39.6% tax bracket. For 2015, this would apply only to income in excess of  $464,850 for married taxpayers filing jointly and $413,200 for single taxpayers.