Controversy Surrounding Kamala Harris's Tax Proposal on Unrealized Capital Gains

SOURCE www.breitbart.com
Vice President Kamala Harris's proposal to tax unrealized capital gains is controversial and may be unconstitutional, unworkable, and economically destructive, according to tax experts. The proposal is part of a plan to increase taxes by $5 trillion over ten years.

Key Points

  • Proposal to tax unrealized capital gains part of plan to increase taxes by $5 trillion over ten years
  • Similar to President Joe Biden's budget proposal
  • Opposition and concerns raised by tax experts and independent poll

Cons

  • Controversial and may be unconstitutional, unworkable, and economically destructive
  • Severe problems identified by economic and tax experts
  • Opposition from independents and concerns about administrative challenges