On Thursday (22) a number of foreign media reported that Biden plans to raise the capital gains tax to 39.6%, which will almost multiply from the current 23.8%, the main index of U.S. stocks fell in response.
U.S. President Joe Biden is planning to tax the rich and raise the capital gains tax from the current 23.8% to 39.6% to fund child care and education programs.
The news prompted the S&P 500 to erase early gains in midday trading Thursday, down 0.65%, the Dow Jones fell nearly 240 points to a single-day low and that index fell 0.6%.
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