News Formal

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%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 458. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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?
Källa: ABC - 🏆 471. / 51 Läs mer »

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?
Källa: ABC7 - 🏆 67. / 68 Läs mer »