Reported about 1 month ago
Kamala Harris's proposal to tax unrealized capital gains for the wealthiest Americans has sparked intense debate. Critics, including high-profile business leaders, argue it represents an attack on wealth and could lead to economic hardship. Supporters believe it is a necessary adjustment to address income inequality, particularly as the Biden administration seeks to fund various social programs. Despite the potential revenue boost of over $800 billion, the proposal faces significant challenges in Congress, highlighting the complex political landscape surrounding tax reforms.
Source: YAHOO