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Capital Gains Tax Headlines

US TSYS
Latest headlines from Pres Biden admin regarding cap-gains hike for the wealthy
WH Eco-Advisor Deese recently, No noticeable react this time around, eminis holding near first half highs
  • BIDEN WILL PROPOSE CHANGES TO CAPITAL GAINS TAX FOR THOSE WHO MAKE MORE THAN $1M, Bbg
  • DEESE SAYS CHANGE WILL ONLY AFFECT 0.3% OF TAXPAYERS OR ABOUT 500,000 HOUSEHOLDS IN UNITED STATES, Bbg
  • DEESE SAYS BIDEN PLAN AIMS TO EQUALIZE TREATMENT OF ORDINARY INCOME AND CAPITAL GAINS, Bbg
  • DEESE SAYS THERE IS NO EVIDENCE OF A SIGNIFICANT IMPACT OF CAPITAL GAINS RATES ON LONG TERM INVESTMENT, Bbg

Last Thursday headlines Pres Biden PROPOSAL over capital gains tax increase to 39.6% to as high as 43.4% for wealthy spurred sharp sell-off in stocks, 30Y Bonds lead rebound while VIX neared 20.0. Stocks took with grain of salt Friday as S&P eminis made new all-time high 4186.0

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