Voters are still waiting for answers on tax policies from the presidential candidates

  • Future rules on capital gains are the top tax concern for voters in the upcoming presidential election
  • Presidential candidates have not provided many specifics on tax policies
  • MarketWatch polls show that capital gains, child tax credit, and state and local tax deduction are the top tax concerns for voters
  • Six in 10 voters believe billionaires should pay at least 25% in taxes
  • Presidential candidates have not provided detailed plans for handling the expiration of the Trump tax cuts in 2025
  • The Biden administration proposes a top capital gains rate of 44.6% for households with over $1 million in taxable income
  • The Supreme Court may soon rule on the constitutionality of taxing unrealized gains

Future rules on capital gains are the top tax concern for voters in the upcoming presidential election, according to a MarketWatch poll. However, presidential candidates have not provided many specifics on tax policies, leaving voters with unanswered questions. MarketWatch polls also reveal that capital gains, child tax credit, and state and local tax deduction are the top tax concerns for voters. Additionally, six in 10 voters believe billionaires should pay at least 25% in taxes. The expiration of the Trump tax cuts in 2025 is another issue that presidential candidates have not addressed in detail. The Biden administration proposes a top capital gains rate of 44.6% for households with over $1 million in taxable income. The Supreme Court may soon rule on the constitutionality of taxing unrealized gains, which could impact the Biden wealth-tax proposal. Overall, voters are still waiting for answers on tax policies from the presidential candidates.

Public Companies: MarketWatch (null), X (null), Twitter (null), Instagram (null), University of Chicago Harris School of Public Policy (null), Associated Press-NORC Center for Public Affairs Research (null), Tax Foundation (null), Treasury Department (null), House of Representatives (null), White House (null), American Compass (null), Wall Street Journal (null)
Private Companies:
Key People: Joe Biden (President), Donald Trump (Former President), Nikki Haley (Former South Carolina Governor), Erica York (Senior Economist at the Tax Foundation), Howard Gleckman (Senior Fellow at the Tax Policy Center), Oren Cass (Executive Director of American Compass)

Factuality Level: 7
Justification: The article provides information about the top tax concerns of voters and the lack of specifics from presidential candidates on tax policy. It also mentions the current capital gains tax rates and the proposals from the Biden administration. However, it does not provide a comprehensive analysis of all candidates’ tax proposals and lacks specific details on certain topics.

Noise Level: 3
Justification: The article provides information on the top tax concerns of voters and the lack of specifics from presidential candidates. It includes poll results and quotes from tax experts. However, it lacks in-depth analysis and actionable insights.

Financial Relevance: Yes
Financial Markets Impacted: The article discusses tax policy and the potential impact on households, which can have implications for financial markets and companies.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article primarily focuses on tax policy and the upcoming presidential election, which are financial topics. It does not mention any extreme events.

Reported publicly: www.marketwatch.com