It’s not just a capital gains tax hike that’s at stake. There are more than half a dozen tax hikes that could be used as revenue raisers in the bill. The Democrats’ social policy goals are ambitious: paid family and medical leave, expanding Medicare to include dental, vision and hearing benefits, extending the enhanced child tax credit as well as provisions to address climate change.
For folks who need to raise cash or reposition assets, it may be prudent to sell those assets in the next few days, warns CPA Bob Keebler of Green Bay, Wisconsin in an alert to tax and financial professionals on Leimberg Services.
