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Harris throws a bone to the business folks
Sep 5, 2024
The discussion kicks off with Vice President Harris proposing a capital gains tax hike, showcasing an attempt to win over corporate supporters. Next, the conflict between Disney and DirecTV leads to major channel outages, leaving viewers frustrated. The podcast also dives into the struggles of Medicaid patients accessing GLP-1 weight loss drugs, highlighting issues of health equity. Lastly, insights into the restaurant industry reveal a shift towards fast-casual dining amid ongoing labor shortages and inflation adjustments.
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Quick takeaways
- Vice President Harris's proposal to raise the capital gains tax reflects her attempt to balance political support while appealing to corporate interests.
- The ongoing DirecTV and Disney dispute highlights changing consumer expectations in subscription services amid rising inflation and shifting media consumption patterns.
Deep dives
Tax Policy Shift for Wealthy Americans
A proposal by Vice President Harris aims to increase the capital gains tax rate for high-income earners, specifically those making over a million dollars a year, from the current 20% to 28%. This marks a departure from President Biden's previous proposal, which sought a top rate close to 40%. Harris faces pressure from wealthy donors to moderate her tax stance, reflecting the ongoing discussion about fair taxation among high earners. Notably, the tax law will soon undergo significant reviews, making these proposals especially relevant in the current political climate.
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