Harris unveils plan for 28% capital gains tax, softening Biden’s proposal

CNBC's Robert Frank joins 'Squawk Box' with the latest news.

[elegboozioma]

As an investing enthusiast, I've kept aside a good sum of capital to invest for financial independence and early retirement, but my concern right now is the market rally being propaganda. Is this a good time to buy stocks, or do I wait for the crash?

[mikewallace]

Meanwhile U.S roads are not repaired or replaced .

[marcellino]

If you vote for Kamala Harris you have lost your mind

[bigbear]

We don't need more taxes, we need more efficient spending

[tdwu]

She should’ve scraped unrealized gains tax that’s what we’re more concerned about that’s the biggest problem/discussion

[AkshayArvind]

FlipFlops are more stable than Kamala 😂

[mikewallace]

Government always grows, now a towering hungry monster .

[harrychu]

Raising taxes is not the answer. Cut back on Gov't spending and the forever-wars.

Vote accordingly in Nov.

[brettadams]

Anyone considering voting for her, what are you thinking?

[siyuanthesuper]

You guys do know that this will have 0 effect on 99.99% of the general population right? Which one of you make a million a year?

[leonelbrava]

Public infrastructure needs massive upgrades. Raise the corporate tax!

[Dmindthinker]

I love the idea of if we only taxes this group of people then it would have no way affect to anyone else. Stupid… It’s all connected. It’s the same when they raise the minimum wage in California. I mean it’s all connected.

[my.business]

*You think Kamala can come out with any plans....let alone a economic one?*

[bort_zdiot]

Promises, promises!!! More tax vs. tax cut for the vote.🤔

[BillyBlanks-qmyt]

Basically, she doesn't want people to retire.

[CharlesTBucci]

cnbc cheerleaders for the harris apocalypse

[marielaguaita]

Yesss Vote blue- vote Kamala- we the people wants to be like Venezuela-open borders- more inflation- increase the tax- and more sexology in schools, cuz kids don't need math and literature- yessss vote socialism, votekamala

[lv]

It’s really a pretty good deal.When a citizen risks their money, time and hard work on an asset and it appreciates or doesn’t appreciate the government assigns a phantom profit and takes almost 40%.If when the investment is sold no such profit exists, it doesn’t matter the taxing authority already has the money and nothing is returned.Very similar to property taxes but with property taxes the phantom value is taxed every single year, so you may end up paying a tax that exceeds the value of the property.
It shouldn’t matter that you may not be involved in paying this tax at this time, it should really matter that your own government could be this ruthless and unfair, to steal even more money than they currently do with no need to justify their own inept management of the money already being stolen.

[mellem]

There needs to be a Minimum Alternate Tax for so-called non-profits. Many billionaires set up non-profits to create tax evasion vehicles/tax shelters and then donate shares to these non-profits that they control. They get to write off the market value of that donation, and when the non-profit sells those shares, their tax-exempt status enables them to evade capital gains taxes.
Most non-profits (especially religious non-profits) do not benefit the vast majority of the people they were intended to benefit and are merely conduits for such financial shenanigans.
Many masquerade under misleading names such as "Americans for Prosperity" but work to only make prosperous a small group of people at the expense of the majority.

[cockyhemi]

Most Americans are not required to file and pay the income tax.