Reforming The Capital Gains Tax May Be A Challenge for President Biden

President Biden recently announced a proposal to reform capital gains tax rates to bring them in line with income tax rates — a move that would nearly double the tax rate (20% to 39.6%) for top earners in the United States. 

But despite the significant outcry over the proposed change, history suggests that it is far from a done deal. This Forbes article offers some context on why changing the capital gains tax is likely easier said than done.

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