Dolphins owner to sell before Obama raises taxes

Miami Dolphins owner Wayne Huizenga has announced plans to sell up to another 45% of the team.

Huizenga said the presidential election is among the issues weighing on his decision. If Barack Obama is elected, his administration is expected to mean higher capital-gains taxes.

"He wants to double the capital gains tax, or almost double it," Huizenga said. "I'd rather give it to charity than to him."

"If you do it this year or you do it next year, the difference is humongous because of the taxes," Huizenga said.

Predictably, the Obama campaign has disputed Mr. Huizenga’s reasoning.

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