56.7% in California, 54.3% in New York and 53.3% in Oregon: How Biden s capital gains tax hike to 39.6% for Americans earning more than $1M will send rates soaring in states with additional local rates
Biden is expected to unveil Wednesday during his speech to Congress a massive capital gains tax hike to help pay for his human infrastructure bill
It will nearly double the top capital gains taxes to 39.6% for people earning more than $1 million
California, New York, New Jersey, Minnesota and Oregon would have the highest top capital gains rates
13 states and Washington, D.C. would all have top rates surpassing 50%
White House officials defended Biden s tax hikes on the wealthy to pay for his $1.8 trillion American Families Plan
Biden will use his first address to Congress tout American Families Plan dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.
White House defends Biden s raid on the richest 0.3%: Top economic advisor says almost doubling capital gains to 39.6% for those earning over $1M will only impact a sliver of the population
White House officials defended Biden s tax hike on the wealthy to pay for his $1.8 trillion human infrastructure plan
Biden will nearly double taxes on capital gains to 39.6% for people earning more than $1 million to pay for his American Families Plan
Will announce details Wednesday night to Joint Session of Congress We need to do something about equalizing the taxation of work and wealth in this country, Brian Deese, the director of the National Economic Council, said
Sen. Tim Scott of South Carolina will deliver the Republicans' rebuttal to President Joe Biden's joint address to Congress next week. Scott, who is the only Black Republican in the Senate, will serve as the face of the party after Biden addresses the nation Wednesday. Considered a potential 2024 presidential candidate, Scott is a leading…