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Capitalist Manifesto

Biden Tax Plan Corporate Capital Gains

Dow closes more than 300 points lower following reports of Biden eyeing capital gains tax hike – www.cnbc.com

From www.cnbc.com Excerpt: U.S stocks reversed lower in a swift fashion on Thursday after reports that President Joe Biden is slated to propose much higher capital gains taxes for the rich. The Dow Jones Industrial Average dropped 321.41 points, or 1%, to 33,815.90. At its low of the day, the blue-chip benchmark fell 420 points. […]…

Tax Plan Targets Big Tech’s $100 Billion in Foreign Profits – www.treasuryandrisk.com

From www.treasuryandrisk.com Excerpt: Technology giants led by Apple Inc. and Microsoft Corp. disclosed more than $100 billion in profit outside the United States in their most recent fiscal years, making them prime targets of President Joe Biden’s proposals to boost taxes on earnings stashed overseas. The tax proposals, unveiled this month to help foot the […]…

Key GOP senators say they’re open to corporate tax increase – news.yahoo.com

From news.yahoo.com Excerpt: Some key Republican senators won’t rule out raising additional revenue from corporations, and told Axios they may be willing to close loopholes that allow big businesses to eliminate their overall tax bill. Why it matters: While President Biden’s proposal to raise the corporate tax rate from 21% to 28% to pay for […]…

European markets drop as Biden’s tax plans spook investors – uk.finance.yahoo.com

From uk.finance.yahoo.com Excerpt: Globe Newswire Global Value Based Care Payment Market (2020 to 2030) – Opportunities and Strategies with COVID-19 Growth and Change Dublin, April 23, 2021 (GLOBE NEWSWIRE) — The “Value Based Care Payment Global Market Opportunities and Strategies to 2030: COVID-19 Growth and Change” report has been added to ResearchAndMarkets.com’s offering. This report […]…

Biden’s tax plan prompts crypto sell-off, forcing bitcoin below $50k support line – www.fnlondon.com

From www.fnlondon.com Excerpt: Cryptocurrency prices have fallen across the board, ending a recent rally for ether and pushing bitcoin below the $50,000 mark. Bitcoin has fallen more than 10.4% in the last 24 hours to $48,770, while ether dropped 11.6% to $2,194 and XRP more than 20% to $1.04. Prices are as of 8am BST […]…

US President Joe Biden to ‘propose hiking tax on rich’ – BBC News – www.bbc.com

From www.bbc.com Excerpt: US President Joe Biden to ‘propose hiking tax on rich’ BBC News Biden Will Seek Tax Increase on Rich to Fund Child Care and Education The New York Times Biden to propose capital gains tax of 39.6% to fund education and child care, reports say CNBC Biden to float historic tax increase […]…

Biden has pledged to tax the rich — but precisely how will he do that? Experts consider his options – www.marketwatch.com

From www.marketwatch.com Excerpt: If President Joe Biden’s campaign pledges to tax the rich were the coming attractions, we’re about to arrive at the main event. The question is precisely which tax hikes will he propose? And what can he get through a Congress where Democrats have the barest of majorities — one where the president […]…

As Americans struggle, Biden’s tax plan helps blue states and foreign nations – thehill.com

From thehill.com Excerpt: If you take President Joe BidenJoe BidenBiden announces picks to lead oceans, lands agencies Overnight Defense: Top general concerned about Afghan forces after US troops leave | Pentagon chief: Climate crisis ‘existential’ threat to US national security | Army conducts review after 4 Black soldiers harassed at Virginia IHOP Feds expect to […]…