CNBC Television published this video item, entitled “GOP Sen. Shelley Capito on reports of Biden’s capital gains tax hike plan” – below is their description.
Investors are worried that President Joe Biden is about to hit them with the highest tax burden they’ve seen in more than a century. Various media reports indicate the president will propose taxing capital gains at the top ordinary tax rate, which would be 43.4% when including the current 3.8% on net investment income tax. The increase would apply to those earning $1 million or more. Sen. Shelley Moore Capito (R-W.Va.) joined “Squawk Box” on Friday to discuss why she does not support the proposal.
CNBC Television YouTube Channel
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