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Biden Plans To Raise Capital Gains Tax On Wealthy Americans

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This article is more than 1 year old.

President Biden is planning to almost double the capital gains tax rate for wealthy Americans. Under his proposal, the tax on investment income would rise to 39.6% for people earning $1 million or more.

Here & Now's Peter O'Dowd speaks with Mike Regan, senior editor for Bloomberg News, about Biden's tax proposal.

This segment aired on April 23, 2021.

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