Any decline in the stock market because of higher capital gains taxes will likely be short-lived, according to Goldman Sachs

President Biden’s proposed capital gains tax hike could weaken the stock market in the short-term, according to Goldman Sachs. However, in the long-term, stocks have trended higher six months after previous capital gains tax hikes, Goldman said. “We estimate $1+ trillion in unrealized capital gains for the wealthiest US households, but also large cash balances … Read more

Biden wants higher corporate tax, relief for families making $110,000, aide says

President Joe Biden’s tax plan will feature higher levies on corporations and wealthy Americans, with relief eyed for middle-class households, a White House economic aide said Tuesday. “The key here is that the president believes strongly that the biggest corporations and those folks who have done extremely well over the last several decades should pay … Read more