Cramer Says Fiscal-Cliff Deal Is Good for Stocks -- Here's Why
NEW YORK (TheStreet) -- Lindsey Bell: So we got the fiscal-cliff deal at the 12th hour last night. We're you happy with it? It seems like there's a little bit of can-kicking with spending cuts and such.
Well, I think you're not supposed to be happy with the deal. You're not happy with a deal where everybody pays a little bit more because of the increase in the payroll tax, and actually I pay a lot more. I'm now in the 53% bracket, which is disturbing to me, but that's the way it is and we had a good run. Speaking more importantly about what I care about: capital gains and dividends. They are being taxed very reasonably, which is good for stocks, certainly better than bonds. Certainty does matter. It's easy to now say, "OK, listen, let's gird for the next battle in partisanship."