capital gains

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. 

Stocks fell on the news that Biden plans to nearly double the tax on capital gains for wealthier Americans.

“I’m not looking at a tax cut now,” Trump said while talking to reporters on the White House lawn.

“I think the word ‘recession’ is inappropriate because it’s just a word that certain people, I’m going to be kind, certain people in the media are trying to build up because they’d love to see a recession,” Trump said. “We’re very far from a recession.”

Indexing capital gains for inflation would be a big break for business owners and homeowners.

“I think about the kids,” the secretary said, reports the Dallas News. “I think we need to stay focused on what’s right for kids. And I hope that adults would keep adult disagreements and disputes in a separate place, and serve the students that are there to be served.”

Silicon Valley’s unemployment rate has jumped almost a full point since May, to 3.9%. It could reverse California’s epic seven-year economic boom, and could lead to a crash just as epic.

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.

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.

California not only has the highest poverty rate in the U.S. at 23.4 percent, but that rate is now also higher than Greece, at 22.3 percent.