"Kamala Harris To Pare Back Biden's Capital-Gains Tax Proposal; Advisers Believe A More-modest Increase Would Balance Taxing Wealthy Households And Encouraging Investment" - WSJ
Portfolio Pulse from Benzinga Newsdesk
Kamala Harris plans to propose a less drastic increase in the capital-gains tax rate than President Biden's original plan. This move aims to balance taxing wealthy households and encouraging investment.
September 04, 2024 | 5:38 pm
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POSITIVE IMPACT
Kamala Harris's proposal to reduce the increase in capital-gains tax could positively impact the SPY ETF by encouraging investment and reducing potential sell-offs.
A less aggressive capital-gains tax increase could lead to a more favorable investment environment, potentially benefiting broad market ETFs like SPY by reducing the likelihood of large-scale sell-offs.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50