By Kayla Tausche and Tami Luhby, CNN Washington (CNN) — Vice President Kamala Harris plans to propose a smaller increase in taxes on capital gains during an economic speech in New Hampshire on Wednesday, breaking with the policy laid out by President Joe Biden in his 2025 budget, according to people familiar with the matter. The current capital gains tax rate – 23.8% for higher earners – is paid when an investment is sold, or gains are realized. The Biden budget proposes raising that rate to the top rate he wants to levy on ordinary income – 39.6% – for households with taxable income over $1 million. Harris, the people familiar with the matter say, believes 39.6% is too high and is expe
Hence then, the article about harris to break with biden on capital gains tax proposing a smaller increase was published today ( ) and is available onNews channel ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Harris to break with Biden on capital gains tax, proposing a smaller increase )