Biden Wants To Double Capital Gains Tax For The Rich To Fund Child Care And Education

The president will unveil his American Family Plan — following the American Rescue Plan and Jobs Plan — during his first major speech to Congress.

As the Democratic presidential candidate, Joe Biden speaks about the third plank of his Build Back Better economic recovery plan for working families, on July 21, 2020, in New Castle, Delaware. President Joe Biden is considering doubling the capital gains tax rate and raising the marginal tax rate for America’s top earners in order to pay for his ambitious policies on child care and education.

The New York Times and Bloomberg News first reported […]

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