The candidate faces a tough question: How much can he raise long-term investment tax without sacrificing the revenue - and political support - he needs to fund his programs?
Barack Obama has made one part of his plan for the capital gains tax perfectly clear: He wants to raise the rate above 15% for high-income investors.
But to what level: 20%? 23%? 27%? All Obama has said is that it would be at least 20% and less than 28%.
The choice the presumptive Democratic nominee for president makes will matter to investors and to federal coffers. It's one of the many crucial tax details he and his advisers have yet to settle as they campaign against Republican rival John McCain.
One reason Obama says he wants to raise the rate is to establish more fairness in the tax system. A low rate directly benefits high-income taxpayers the most since they hold more taxable investments than everyone else.
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