Stocks Shudder On Tax News But Wall Street Bigwigs Yawn

(The Street) Here is a collection of reactions from the Wall Street community on the news of President Biden's proposed capital tax rate increase.

Chief investment strategist at Charles Schwab, Liz Ann Sonders, shared why she doesn't believe an increase in the capital gains tax will affect the stock market.

Venture Capitalist Vinod Khosla supported the boost in the capital gains tax rate.

Venture Capitalist Tim Draper said he believes the increased tax rate will kill job creation.

CNBC's Carl Quintanilla shared Goldman Sachs's expectations of an increased tax rate by sharing that a "28% rate looks most likely." 

Managing and founding principal of AQR Capital Management, Cliff Asness,  shared why value investors shouldn't be worried about a potential capital gains tax rate increase.

British Entrepreneur Alistair Milne had advice for investors who want to avoid paying the increase in the capital gains tax.

Jeffery Kleintop, chief global investment strategist at Charles Schwab, shared the capital gains tax rate for perspective.


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