Burman piece on Biden's capital gains tax proposal published in Forbes

April 30, 2021

Forbes

Leonard Burman

Public Administration & International Affairs Department

Center for Policy Research

Federal

Taxation

United States

Forbes

Leonard Burman

President Joe Biden wants to boost taxes on the wealthy. One way he proposes to do this is by raising capital gains tax for people earning $1 million or more. "This [proposal] is a significant reform that would close loopholes that fuel inefficient tax sheltering and make the income tax more progressive, and help pay for some of Biden’s domestic policy wish list," writes Leonard Burman, Paul Volcker Chair in Behavioral Economics. Read more about Burman's assessment of President Biden's proposal in his article, "Biden Would Close Giant Capital Gains Loopholes—At Least For The Rich," published in Forbes.