Economy

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Co-chairman of the National Commission on Fiscal Responsibility and Reform former Sen. Alan Simpson, R-Wyo., left, and Erskine Bowles, former White House chief of staff recommend taxing capital gains as ordinary income. Photo by Bill Clark/Roll Call via Getty…

Co-chairman of the National Commission on Fiscal Responsibility and Reform former Sen. Alan Simpson, R-Wyo., left, and Erskine Bowles, former White House chief of staff recommend taxing capital gains as ordinary income. Photo by Bill Clark/Roll Call via Getty Images.