Biden Will Seek Tax Increase on Rich to Fund Child Care and Education

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Doubling tax on capital gains…

That should keep companies in the USA…

WOW!!!

Taxing home equity is next…

Already talk about it here in, Canada…

The plan will not include an up to $700 billion effort to expand health coverage or reduce government spending on prescription drugs. Officials have decided to instead pursue health care as a separate initiative, a move that sidesteps a fight among liberals on Capitol Hill but that risks upsetting some progressive groups.

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News of the tax provisions appeared to unnerve investors on Thursday, with stock markets giving up gains as investors absorbed details of Mr. Biden’s capital gains tax plans. The S&P 500 closed down 0.92 percent.

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www.nytimes.com/2021/04/22/business/economy/biden-taxes.html

 

h/t Agent 88

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