One issue that hasnt been touched on (or maybe i didnt see it in this looooong thread), is that the dow just closed last month under the 200 month avg, adn today closed below the 2003 lows.
There's never been a worse time to tamper with the complexion of the market in such a volume reducing fashion - only the 'head' of the upside down head/shoulders remains below today's close.
below that level, there's practically nothing for support until 5800, then 4000 (96 and 94 highs)
even the discussion of such a proposal weakens what little support there is below
this is literally the worst time ever to bring this up
if it drops to the bottom, then they repeal or drop discussion of it, the technical damage will already be done