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January 21, 2022

U.S. Voters

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Biden to Propose Almost Doubling Capital Gains Tax for Wealthy

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Apr.22 — President Joe Biden will propose almost doubling the capital gains tax rate for wealthy individuals to 39.6%, which, coupled with an existing surtax on investment income, means that federal tax rates for investors could be as high as 43.4%, according to people familiar with the proposal. Bloomberg’s Laura Davison reports on "Bloomberg Markets."

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Efforts to avert a military conflict in Ukraine continue with U.S. Secretary of State Antony Blinken set to meet his Russian counterpart, Sergei Lavrov, in...

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