Biden’s Planned 44 Percent Capital Gains Tax ‘a Disaster’ That Will Harm Businesses, Working Americans: Economist

A report by the Treasury Department reveals President Biden’s plan for the fiscal year 2025, which will see capital gains taxes shooting up to 44.6 percent. NTD speaks to Thomas Savidge, an economist at the American Institute for Economic Research, who says this plan is “a disaster.” He believes the harm will not be limited to corporations, but will also extend to working Americans.