Yes, Kamala Will Tax Unrealized Capital Gains
October 22, 2024
Kamala hasn't met a tax hike she didn't like — and that goes for her plan to tax unrealized capital gains, too.
Despite top Harris surrogate Rachel Maddow (sometimes known as Mark Cuban) insisting otherwise during an official campaign event, the Harris-Walz campaign refused to offer "clarification" — which means it's definitely happening if she is elected.
Kamala's plan includes a first-ever 25% tax on unrealized capital gains — forcing Americans to pay taxes on assets that increase in value, even if they don't sell it.
The tax — opposed by three-quarters of Americans — would kill 75,000 jobs, reduce investment incentives, hurt long-term economic growth, and target family farms and family-owned small businesses the most.
It's part of the Harris-Walz proposal for the largest tax hike in U.S. history — a multi-trillion-dollar boondoggle that would raise income taxes, business taxes, investment taxes, capital gains taxes, and death taxes, among others.
President Trump will never let that happen.