A central pillar of President Joe Biden’s economic agenda is his proposed tax increase on long-term capital gains, or the profit from the sale of financial assets, in order to compensate for his multitrillion-dollar spending proposals.
ANALYSIS: Biden Wants You To Pay Higher Taxes Than Communist China
![U.S Vice President Joe Biden Visits China U.S Vice President Joe Biden Visits China](https://images.dailycaller.com/image/width=960,height=411,fit=cover,f=auto/https://cdn01.dailycaller.com/wp-content/uploads/2021/05/GettyImages-453640029-scaled-e1621015538756.jpg)
(Lintao Zhang/Getty Images)
Varun Hukeri
General Assignment & Analysis Reporter
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