How Do Trump, Harris Compare On Capital Gains Taxes?
Portfolio Pulse from Hayden Buckfire
The 2024 presidential candidates, Donald Trump and Kamala Harris, have differing views on capital gains taxes. Trump's past policies suggest a focus on lowering taxes for the wealthy, while Harris proposes increasing the top tax rate on long-term capital gains and the net investment income tax for high earners. These policies could impact growth stocks and tech-heavy ETFs like Invesco QQQ, with potential short-term volatility if Harris's plan is implemented.
October 31, 2024 | 10:07 am
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Invesco QQQ, a NASDAQ-focused ETF, could experience short-term volatility if Kamala Harris's proposed increase in long-term capital gains tax for high earners is implemented. This may incentivize wealthy investors to sell off assets sooner.
Harris's plan to increase the long-term capital gains tax for high earners could lead to a sell-off by wealthy investors to avoid higher rates, causing short-term volatility in growth and tech-heavy ETFs like QQQ.
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