Economists slam Biden-Harris proposal to tax unrealized capital gains
The Biden administration’s proposal to tax unrealized investment gains, which the Harris campaign has voiced support for, is “insane” and “absurd,” the economist told Fox News Digital. The Biden-Harris administration’s Treasury Department released its revenue proposal for fiscal year 2025 in March. The list of tax proposals includes a plan to include unrealized investment gains […]
U.S. economists list top election issues: NABE
Former Council of Economic Advisers Chairman Kevin Hassett responds to Vice President Kamala Harris’ economic plan and price control proposal on “The Evening Edit.” According to 132 of the nation’s top economists, whichever president wins the White House in November needs to put three policy items at the top of their “to-do” list. “The majority […]
Goldman Sachs economists raise ‘limited’ risk of US recession to 25% chance: report
Art Hogan, chief market strategist at B. Riley Wealth Management, talks to “Making Money” about how investors can make money in volatile markets. The economists Goldman Sachs The report raised the chance that the U.S. economy will fall into recession within the next 12 months to 25% from 15%, but maintained that the risk of […]
Economists aren't finding easy answers for the new era of free trade
One area on which economists generally agree is international trade. They have been staunch supporters of free trade, dating back to Adam Smith and David Ricardo. Throughout the postwar period, their guiding principle has been that the benefits of trade outweigh the costs, but some leading economists are rethinking this premise in light of the […]