Breitbart Business Digest: Biden’s Okay Boomer Wealth Tax
President Biden’s tax proposal would tax the gains now, leaving fewer gains to be taxed in the future.
capital gains tax
Biden Administration Proposes Taxing Billionaires’ ‘Theoretical Income’ to Pay for Spending Bill
Yellen proposed taxing billionaires’ unrealized capital gains to fund President Joe Biden’s $2 trillion spending bill.
Poll: Majority of Arizonans Oppose Joe Biden’s Tax Plan
The Coalition to Protect American Workers released a poll Friday that found a majority of Arizonans oppose President Joe Biden’s tax plan.
Report: Biden Plans Retroactive Capital Gains Tax Hike
President Biden’s blockbuster $6 trillion budget assumes that his proposed capital-gains tax hike took effect in April, according to the Wall Street Journal.
Carney: Biden Pushes Grim Reaper Tax Hike with Dark Car Crash Fatality Fable
Biden says people killed in a car crash shouldn’t be able to pass on stock to kids tax-free.
Joe Biden’s ‘Tax System Will Punish’ Small Business Employees and Hurt Startups
Prominent Silicon Valley billionaire and investor David Stewart tweeted President Joe Biden’s capital gain tax, proposed to be raised about 20 percent, would make it harder for startups to recruit employees because “the tax system will punish their employees.”
Stakeholders: Biden Declares War on Small Businesses in First 100 Days: Success Tax, Worker Shortage
Business owners said President Biden’s first 100 days in office represents a “war on small business” with higher taxes and worker shortages.
Joe Biden Announces $1.8 Trillion ‘Human Infrastructure’ Proposal to Congress Partly Financed by Expanding Death Tax
President Joe Biden spoke to a joint session of Congress Wednesday to propose a $1.8 trillion “human infrastructure” proposal that comes with a myriad of tax increases, including expanding the death tax.
GOP Rep. Brady: Republicans Will Fight Biden Tax Hikes ‘Tooth and Nail’
During a Monday appearance on Fox Business Network’s “Mornings with Maria,” Rep. Kevin Brady (R-TX) addressed President Joe Biden’s plan to raise the capital gains tax by almost more than double its current rate of 20%.
Stocks Sink on Report That Biden Plans Massive Capital Gains Tax Hike
Stocks fell on the news that Biden plans to nearly double the tax on capital gains for wealthier Americans.
Nancy Pelosi Suggests Corporate and Capital Gains Tax Hikes to Pay for Infrastructure
Rep. Nancy Pelosi (D-CA) suggested Tuesday some possible ways President Joe Biden’s infrastructure package could be bankrolled.
Trump: ‘I’m Going to Do a Capital Gains Tax Cut to 15%’ in My Second Term
On Thursday’s broadcast of the Fox Business Network’s “Mornings with Maria,” President Donald Trump vowed that he will cut the capital gains tax rate down to 15% in his second term. Trump said, “Well, I’ve done the payroll tax cut
Exclusive — Mike Pence: Phase Four Coronavirus Bill Should Have ‘Legal Shield’ from Trial Lawyers, Payroll Tax Cut, Economic Boosters
Vice President Mike Pence told Breitbart News he believes any fourth phase coronavirus relief package from Congress must focus on directly supporting American families and workers.
‘Moderate’ Democratic Candidates Support Drastic Tax Increases
Even the “moderate” candidates at the Democrat debate supported radical policies — such as extreme tax hikes, for example.
Exclusive — Joe Lieberman: ‘Far Left’ Will Make Democrats a ‘Losing Party’
Joe Lieberman warned that Democrats moving to the “far left” will make them a “losing party” in 2020’s presidential election.
Steve Mnuchin Says Hedge Fund Tax Loophole Ending
Hedge fund managers will lose the advantage of paying the lower capital gains tax rate on their income, Treasury Secretary Steve Mnuchin said Tuesday.
Fact-Check: Yes, Hillary Clinton Wants to Double Capital Gains Taxes
During the third presidential debate, Donald Trump said that Hillary Clinton’s plan would “more than double” capital gains taxes.
Dr. Herbert London: ‘Trump Is Right to Talk About the Forgotten American’ in His ‘Sensible, Pro-Growth’ Economic Plan
Dr. Herbert London of the London Center for Policy Research appeared on Tuesday’s Breitbart News Daily to discuss Donald Trump’s economic policy speech with SiriusXM host Stephen K. Bannon, beginning with the free trade issue.
California Shock: Gov. Jerry Brown Opposes Union Ballot Initiatives
Governor Jerry Brown shocked Sacramento on January 8 when he announced his opposition to two November union-backed ballot initiatives that would sell a $9 billion school construction bond and extend Proposition 30 tax surcharges on the wealthy.
Mark Levin Gives Thumbs-Up on Donald Trump Tax Proposal: ‘A Hell of a Plan!’
“This is a hell of a plan,” conservative radio host Mark Levin said Monday night about Donald Trump’s tax proposal, while admitting he disagrees with the GOP candidate in several areas.
Stock Crash Would Create Budget Crisis for California
With the “one percent” paying more than 50 percent of state taxes, a sustained stock market crash would shrivel California’s “one-time” capital gains taxes and throw the Golden State back into a financial crisis.
Jerry Brown to Spend Surplus Funds on Schools
Gov. Jerry Brown will release his updated budget on Thursday, and in light of the Golden State’s $3 billion-plus surplus, Brown is expected to suggest an increase in spending on public schools and community colleges . He is also expected to ask that more funds be set aside for the state’s savings or “rainy day” fund.
