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Biden’s proposal to increase capital tax gains defended by White House

Biden’s proposal to increase capital tax gains defended by White House

The White House came out in the defense of President Joe Biden’s forthcoming proposal to nearly double capital gains taxes for the highest-income Americans. The White House said that the change is only expected to impact a small fraction of taxpayers and make the tax code more fair. Biden is expected to propose raising the top capital gains tax rate for taxpayers with income above $1 million.

Tom A
Tom A
Derek
Derek 2 weeks

Our system of taxation is a complex maze of impossible-to-understand rules. The wealthy will find ways to shelter their money while the middle class continues to suffer under unfair taxation with a lack of options. Real leadership and good governance would take the needed steps to simplify the Code and make things more fair. Biden’s move appeals to his base while not actually fixing anything that impacts lower and middle class Americans. Thanks for nothing, Joe!

Slevin Kelevra
Slevin Kelevra 2 weeks

The President's plan is defended by the White House.......just let that sink in for a moment. Who is really running this circus?

Daniel
Daniel 2 weeks

“White House defends White House.” What a joke

Papa Joe
Papa Joe 2 weeks

Not Biden's proposal, Demon-crats proposal.

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