I don’t have live tool access right now to fetch the very latest headlines, but I can summarize the current landscape and point you to where you can verify the newest details.
Direct answer
- As of the latest public reporting, the federal budget discussions in the U.S. have included proposals to raise capital gains taxes, but the specifics (rates, thresholds, and effective dates) have varied by proposal and over time. Recent reporting around 2024–2025 highlighted talks of higher inclusion rates for high earners and potential changes to long-term capital gains treatment; some items were proposed to take effect in mid-2024 or later, while others faced political hurdles or deferrals. For the most current status, check the latest statements from the U.S. Treasury, White House, and congressional committees, plus reputable outlets covering budget negotiations.
What to look for to get the latest news
- Official releases and fact sheets from the U.S. Treasury and White House detailing proposed capital gains changes, including inclusion rates and thresholds.
- Updates from congressional committees (e.g., Ways and Means) on any budget reconciliation language or tax reform measures.
- Reputable business and financial outlets (e.g., Reuters, Bloomberg, CNBC) for contemporaneous coverage and commentary on passage, deferrals, or changes to proposals.
- Any official enactment or deferral dates (e.g., when a change would take effect if passed).
If you’d like, I can monitor for you and pull the latest confirmed updates, or I can summarize a specific recent article you’ve seen. I can also help craft a quick checklist of questions to verify in new announcements (e.g., inclusion rate, tax brackets, effective date, and whether the change applies to individuals, trusts, or corporations).
Sources
On March 22, 2021, the Finance Minister, Chrystia Freeland, finally announced the date of the federal budget (the “Budget”) to be April 19th, 2021. There has been much anticipation and speculation regarding the upcoming Budget, as the previous budget was tabled more than 2 years ago (on March 19, 2019). One of the biggest areas […]
www.foglers.comAnalysis finds increasing taxes on dividends and capital gains raises revenue without impacting economic growth
www.american.eduPresident's plan could generate $1 trillion in the next decade, but only $100 billion of that is likely to be paid.
www.cbsnews.comThe federal government is raising the inclusion rate to two-thirds from one-half on capital gains above $250,000 realized annually by individuals and on all capital gains realized by corporations and trusts. The proposed higher new rate kicks in June 25, 2024, the government announced in Budget 2024. Right now, only 50 percent of capital gainsRead More
www.dmtax.caCanada's Finance Minister Chrystia Freeland affirmed her commitment to introduce changes to how capital gains are taxed, despite the measure not being included in the budget bill.
globalnews.caHigher capital gains taxes are unlikely under President-elect Donald Trump and a Republican-controlled Congress, experts say.
www.cnbc.com