President Biden is planning to almost double the capital gains tax rate for wealthy Americans. Under his proposal, the tax on investment income would rise to 39.6% for people earning $1 million or more.
Here & Now‘s Peter O’Dowd speaks with Mike Regan, senior editor for Bloomberg News, about Biden’s tax proposal.
This article was originally published on WBUR.org.
Copyright 2021 NPR. To see more, visit https://www.npr.org. 9(MDAxODg3MTg0MDEyMTg2NTY3OTI5YTI3ZA004))