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Panic ahead of the tax sh8tstorm even if there are no facts to support it. There's probably a lot more money being lost through panic selling, and paying on deferred income and capital gains than what Obama might concoct (if at all).
This entire country has just gone nuts. We will never see our country as it was, once you ave lost it it is gone never to be seen again. We are going down the same road as a lot of smaller countries have gone down and it always results in disaster. I look for roits in the streets to be the next step, sorry to say.
i'm more worried about what the republicans will concoct. at least obama is the devil we know because since 2008 he's had the same plan, go back to clinton rates for those making above $200/$250 k. First Romney and now Boehner want to completely overhaul the code and that's where the mlps are at risk of losing their tax status.
my sense is people panicking in everything not just MLPs...look at CEF funds in all spaces. retail hears cliff, taxes, worry and sells. most people dont know MLPs when you sell are already ordinary income. they are tiny rel to tax situation and are responsible for buildout of energy infrastructure. it isnt going to change.
In a worst case scenario the Dem's will try to eliminate all MLP's and make them convert to corporations, they tried this two years ago when they controlled the house and senate..The Canadians did this very thing a few years ago with their Trusts.Check the long term chart and dividends of PWE, it was one of my holdings.