Clinton would double capital gains tax on short-term investments: WSJ

Reuters News
Posted: Jul 24, 2015 10:52 AM

WASHINGTON (Reuters) - Democratic presidential candidate Hillary Clinton will propose nearly doubling the U.S. capital gains tax rate on short-term investments to 39.6 percent, the Wall Street Journal reported Friday.

A Clinton campaign official said the Clinton rate plan would affect investments held between one and two years, which are currently taxed at a 20 percent capital gains rate, the newspaper reported.

(Reporting by Doina Chiacu; Editing by Lisa Lambert)