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Tax Policy Center


Online Posts Misrepresent Biden’s Proposed Tax on Unrealized Capital Gains

Online Posts Misrepresent Biden’s Proposed Tax on Unrealized Capital Gains

“[T]he distribution of wealth among Americans has grown increasingly unequal, concentrating economic resources in a steadily shrinking percentage of individuals,” the Treasury Department wrote in its general explanation of Biden’s proposed budget.


Day 2 of the Democratic National Convention

Day 2 of the Democratic National Convention

Trump’s proposal to end federal taxes on tips (which Vice President Kamala Harris later said she also supports) is aimed at benefiting mostly low-income workers, though some economists doubt it will work.