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‘Beyond Insane’: Economists slam Biden-Harris proposal to tax unrealized investment returns

August 26, 2024

The Biden administration’s proposal – which the Harris campaign has indicated it supports – to tax investment returns that have not yet been realized is “insane” and “absurd,” economists told Fox News Digital.  The Biden-Harris administration’s Treasury Department released its 2025 fiscal year revenue proposals earlier this year, in March. Among the list of tax revenue proposals is a plan to include unrealized investment returns as part of...

FEATURED POST

From debating school vouchers and improving the state’s water supply to reining in property taxes, the GOP-led body will look to pass …

A new, 140-day legislative session begins at noon. A contentious race to lead the Legislature’s lower chamber is expected to be decided.