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re: Biden proposed 44.6% Capital Gains tax, 25% tax on Unrealized Gains

Posted on 4/25/24 at 8:43 am to
Posted by UltimaParadox
Huntsville
Member since Nov 2008
40883 posts
Posted on 4/25/24 at 8:43 am to
quote:

Why would it not pass? Who is there to stop it?


Considering the president's "budget" is just a proposal for congress to talk about. It is generally used as a political talking point. The president does not set the budget, despite some people who think the president is responsible for everything.
Posted by BCreed1
Alabama
Member since Jan 2024
1275 posts
Posted on 4/25/24 at 9:54 am to
quote:

Considering the president's "budget" is just a proposal for congress to talk about. It is generally used as a political talking point. The president does not set the budget, despite some people who think the president is responsible for everything.


All of that is true, but that did not answer my question. Who is going to stop it? Congress? Really?
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