Fiscal Cliff could send capital gains back to 20 percent

The White House will host a meeting Friday afternoon that could determine whether the fiscal cliff will arrive next week. President Obama and top House and Senate leaders are expected to attend.

For now, a series of tax increases and budget cuts are scheduled to take effect on Tuesday.

David Williams, president of the Taxpayers Protection Alliance, outlined the possible impact on capital gains. Here's his interview with Capital Insider: