Obama's budget plan hammers investors

The president's plan to raise tax revenue could mean disaster for the equity markets. 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. Joshua has been managing money for high net worth clients, charitable foundations, corporations and retirement plans for more than a decade.
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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