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Yahoo BusinessApr 22, 2021
Column: Biden wants to hike the capital gains tax. The wealthy will fight him to the death

MarketWatch MarketPulseApr 22, 2021
Biden will outline 'American Families Plan' in speech to Congress, White House says
President Joe Biden will use a speech to Congress next week to outline his "American Families Plan," White House press secretary Jen Psaki said Thursday. The plan is expected to focus on policies including paid family leave, childcare and free community college. Asked about a report that Biden will propose nearly doubling capital gains taxes on wealthy Americans to help pay for the plan, Psaki said she wouldn't get ahead of Biden's final decisions. She reiterated his pledge not to raise taxes on anyone making less than $400,000 a year. "We're still finalizing what the pay-fors look like," she said. U.S. stocks turned south in afternoon trade after a report said Biden is weighing the capital-gains proposal.

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Google Business NewsApr 22, 2021
Dow tumbles 321 points on Biden's capital gains tax hike plan - Fox Business
Dow tumbles 321 points on Biden's capital gains tax hike plan  Fox BusinessHere's what higher capital gains taxes could mean for markets and the economy  CNBC TelevisionBiden Will Seek Tax Increase on Rich to Fund Child Care and Education  The New York TimesBiden wants to tax the rich --- here's what experts say about how he could do it  MarketWatchStocks slide on report Biden will raise capital gains tax  CNBC Television
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