Wall Street Democrat: Biden's capital gains tax hike wouldn't deter long-term investors

in the Carter and Clinton administrations. "But the long-term effects are really not historically negative, and those long-term effects depend on ... broad macroeconomic factors. Not just the capital gains rate."according to Federal Election Commission records

. Altman gave $2,800 to Biden in January during the party's primary, as well as once in 2019. He also has donated to a host of other Democratic politicians in 2020, including Sen. Amy Klobuchar of Minnesota. Biden has sought to portray his campaign as not concerned about what Wall Street thinks, saying in early July he wanted to end theTrump, who signed a broad tax cut into law in late 2017, has

Was this a BIDEN PAID COMMERCIAL? 🤭🤮

Biden plants to increase the Cap Gains tax by 100%! Shouldn't come as a surprise, he wants to raise all tax, though most by less than 100%. Yes, I'll still invest, but I just won't sell and lock in any gains! I'll wait until we have a reasonable administration to sell! Like most.

Trump has done a good job lowering taxes and keeping the government off my back so I think I'm going to vote for him instead

3/4th of the stock market is owned by non taxable institutions like pensions, endowments, and 401k plans. So this whole thing is overblown. A rise in capital gains taxes just means a bunch of super rich people get a little less of a windfall than they did before. Boohoo.

You can't expect smooth sailing in transition. This country is a fucking disaster.

Yeah Right. MSCNBC 😎

BS it will hurt 401k because less demand. Daytrading will suffer. Swing traders will suffer. No one is buying. Trump2020

When Clinton raised taxes, the market skyrocketed for years.

The comments in here before me don't even have 10 million worth of net gains and they are whining LOL. Get to 10 mill FIRST! 🤡

Doesn’t bother me a bit. Of course I don’t make a million dollars a year and neither does anyone I know.

Lmao no way! A Democrat supports the democratic candidates position? Breaking news!

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