While many Americans are struggling under increasing inflation caused by the Biden administration, that very administration has proposed taking more of their wealth.
And this isn’t your typical nickel and dime increase people often don’t notice.
The proposed tax increase would be the largest in the capital gains tax since it was implemented.
First, Biden fueled inflation, and now, he wants to RAISE taxes on the middle class.
President Trump’s tax cuts lowered taxes for EVERY income bracket, with an average tax cut of $1,260 in 2018. https://t.co/RwHfzGAB56
— GOP (@GOP) April 24, 2024
The capital gains tax has been controversial since its inception in 1913.
Taxing assets that may or may not gain value once purchased is problematic because these taxes don’t account
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