As a way to increase taxes to pay for pricy progressive polices, Senate Democrats are looking to implement a new tax on gains from investments that have yet to be sold for an actual profit.
April 3, 2019
Senate Liberals Seek New Tax on Investment Gains
As a way to increase taxes to pay for pricy progressive polices, Senate Democrats are looking to implement a new tax on gains from investments that have yet to be sold for an actual profit.
Wall Street Journal: “The top Democrat on the Senate’s tax-writing committee proposed taxing unrealized gains in investment assets every year at the same rates as other income, offering an idea that would transform how the U.S. taxes the wealthiest people.”
This plan also creates an easy opening for presidential hopefuls to point to as a way to fund programs such as Medicare for All and the Green New Deal. However, like many far-left policy proposals this plan also lacks details on how to implement these vast changes to our tax law.