Stock market would crash under Harris' tax plan, billionaire hedge fund manager warns

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 53%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Kamala Harris' proposed tax on unrealized capital gains is the 'big one' markets must watch out for, according to likely Trump Treasury secretary nominee John Paulson.

A potential Trump nominee for U.S. Treasury secretary, who also happens to be a billionaire hedge fund manager, has explained how Vice President Kamala Harris’ tax plan could send markets into a quick plunge. "In the early parts of her campaign, she was supportive of the tax on unrealized gain. And if that was implemented, I think it would be devastating for the markets and cause a market crash," Paulson & Co.

But if Harris were to win the 2024 presidential election, Paulson expressed fears over the macroeconomic implications of her tax policies, which include a 25% "minimum" tax on wealthy households and increasing taxes on capital gains and dividends for households making more than $1 million from 20% to 28%.

Business’ Eric Revell contributed to this report.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 458. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

What would a Kamala Harris or Donald Trump victory mean for the stock market?The stock market has soared during the presidential campaign. Will it continue?
Fonte: ABC - 🏆 471. / 51 Consulte Mais informação »

What would a Kamala Harris or Donald Trump victory mean for the stock market?The stock market has soared during the presidential campaign. Will it continue?
Fonte: ABC7 - 🏆 67. / 68 Consulte Mais informação »