CNBC hosts clash with Harris campaign economic adviser over unrealized gains tax proposal: ‘Unconstitutional’
The hosts of CNBC's “Squawk Box” spoke with Bharat Ramamurti, an informal economic adviser to the Biden-Harris campaign. Taxing unrealized capital gains; The hosts argued that this was likely “unfair” and “unconstitutional.” Hosts Rebecca Quick and Joe Curnen questioned Rama about the proposal, with Quick saying he thought it was unreasonable because it would “advance […]
Your Capital Gains Policy Likely Unconstitutional, ‘Never Going to Happen’
CNBC host Joe Curnen said that Harris-Waltz's unrealized capital gains tax policy is “probably unconstitutional” while interviewing economic adviser Bharat Rama on CNBC's “Squawk Box” on Wednesday. A partial transcript follows: CO-HOST REBECCA QUICK: Taxing unrealized gains doesn't seem fair in any sense, but in the best sense, taxing unrealized gains brings forward the tax […]
Harris gains against Trump on two main issues, latest poll claims
A new poll shows former President Donald Trump's approval rating for Vice President Kamala Harris has fallen on crime and economic policy. of Latest Reuters/Ipsos PollAccording to the poll released Tuesday, Trump currently holds a slim 3% lead over Harris on jobs and the economy, 43% to 40% for Harris. The same poll in late […]
USD/INR gains momentum as month-end US Dollar demand drags Indian Rupee lower – FXStreet
The Indian rupee came under selling pressure in early European markets on Wednesday. Weakness in Asian currencies and weakening demand for US Dollar at the end of the month will weigh on the INR. Investors are waiting to hear from Fed Governors Waller and Bostic on Wednesday for fresh impetus. The Indian Rupee (INR) extended […]
Gold price gains ground near the all-time high amid geopolitical risks, Fed rate cut bets – FXStreet
Gold prices continued to rise in Asian markets on Wednesday. The worsening situation in the Middle East and a dovish stance from the Federal Reserve are supporting gold prices. Traders are awaiting speeches from Waller and Bostic on Wednesday. Gold prices (XAU/USD) rose above $2,500 per troy ounce on Wednesday, buoyed by rising geopolitical tensions […]
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 […]
Ukraine war briefing: Fierce fighting on Pokrovsk front as Russia claims gains | Ukraine
The Russian army is 53 Attack on the Pokrovsk Front in Donetsk Region Moscow on Thursday pressed Kiev’s forces to seize the town, which is the main operating base of the invading Ukrainian forces in Ukraine. Elsewhere in eastern Ukraine, Russian forces attacked Ukrainian military positions near the settlement of Niu Yoku, which Russia had […]
Jazz Chisholm gains ‘little brother’ at Little League Classic
WILLIAMSPORT, Pa. — Most Yankees players will have fond memories of their first appearance in the Little League Classic. Jazz Chisholm Jr. takes his “little brother” with him. When the Yankees infielder arrived in Williamsport on Sunday, he boarded the club’s shuttle bus and sat next to Russell McGehee, who is competing with Henderson, Nevada, […]
Same-sex marriage protection gains momentum in the Senate | FOX 5 DC
FOX 5’s Katie Barlow reports that a bill to protect same-sex marriage rights is gaining momentum in Congress as concerns grow … source
Sunday shows preview: Harris gains on Trump in key states ahead of DNC
The focus of this Sunday’s show will likely be on Vice President Harris’ rising popularity in key battleground states as the Democratic candidate to challenge former President Trump. Harris has had a whirlwind few weeks since President Biden dropped out of the 2024 presidential race. She has risen to the top of the Democratic field, […]