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The Boston Globe

Business

Investor calls reaction to tax plan overwrought

As anxious investors assess their portfolios in light of expected tax increases on investment income, hedge fund manager Douglas Kass has a simple message: Relax.

Kass, founder of Seabreeze Partners Management, thinks the investing world has overestimated how hard markets and investors would be hit if tax rates on dividends and capital gains rise at the end of the year, as the White House has proposed.

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