Biden expected to propose doubling capital gains tax for the wealthy

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FOX Business' Blake Berman reports on president Biden's latest tax plan. #FoxBusiness #FoxBusinessTonight

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.

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We should be careful on money disposal, if you're not spending to earn or get back money, then stop spending.

richardcastro
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The Real question here is... Why would anyone still have a US Citizenship? 🤷‍♂️
There's a lot a countries even in America that treats you financially better than the US.

tiagobras
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He’s gonna tax the hell out of doctors.

BlooMagick
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lol as if the rich pay tax. all the tax will fall on the middle and working class.

dotdashdotdash
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People and companies will leave again. Just like the Obama era .

Totes_ma_Goat
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Oh it’s not going to stop with the rich!! It’s coming to everyone

justinsharp
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Then it trickles down to the middle class. The rich just pass the cost on to the people.

pd
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These revenue numbers assume people continue to invest

becklerboy
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Isn't the president's salary 400K ?

williamfoos
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The average person that works everyday is screwed they tax almost everything and it will never be enough. Most economist, Wall Street etc. all are saying no more taxes.

davemitchell
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That wouldn't even make a dent in the trillions he's spent. Your next !

carolelerman
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Watch the companies say were moving to Mexico and China. Its just a matter of time. Especially in world economy. You have to be compete with other countries.

colinmcdonell
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Tax increases only hurt The working people, , company's just charge more !!!

jeffdunstan
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400 thousand a year is 33 thousand a month know anyone making that

oldpicker
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Capital gains...aren't just made by the "wealthy". Many average Americans have modest stock investments, investments in mutual funds, investments in bitcoin, etc. No one believes they are going to limit this to $1M plus households.

AndTheCorrectAnswerIs
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460 billion Against 28trillion of debt. Ur in deeeerrp sh...t. ???

mikedodd
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Why do I immediately go to wolf in sheep's clothing 😳 and I'm pretty well poor, but can't get any of that "entitled" garbage I keep hearing about...

suz
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THEY STILL WON'T PAY A DIME. JUST MORE RIGHT OFFS N LOSES.

workphone
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See were going to be paying back those stimulus checks

paulmoore
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Everyone get ready to lose your retirement fund

mytruckinlifeace