Obama Speeds Up Sale of the Dolphins

Dolphins owner H. Wayne Huizenga is planning to sell 45 percent more of the team to Stephen Ross (who already owns 50%), and he wants to do it soon.
That's because a Barack Obama administration is expected to mean higher capital-gains taxes.
"He wants to double the capital gains tax, or almost double it," Huizenga said. "I'd rather give it to charity than to him. If you do it this year or you do it next year, the difference is humongous because of the taxes."
But the Obama campaign disputed Huizenga's figures on Monday, saying the candidate's plans are to raise the capital gains tax maximum from 15 percent to 20 percent.
But that's still going to cost Huizenga an extra $20 million or so depending on how much his gains are.