Biden-Harris Administration's Proposal to Tax Unrealized Investment Returns

SOURCE www.foxnews.com
The Biden-Harris administration's proposal to tax unrealized investment returns is met with criticism and support. Critics argue it would force people to sell off investments, while supporters believe it addresses tax inequality among the wealthy.

Key Points

  • Biden-Harris administration's proposal to tax unrealized gains
  • Criticism from economists about the impact on individuals and businesses
  • Support from some economists who see it as addressing tax inequality

Pros

  • Addresses tax inequality among the wealthy

Cons

  • Could force individuals to sell off investments
  • May impact businesses and economic growth