Capital Gains Pains & Hollywood Oscars Economics
President Joe Biden is expected to propose doubling the tax rate wealthy Americans pay on investment returns when they sell stocks and other assets. CNBC’s Ylan Mui reports on the possible hike in capital gains taxes that sent a shockwave through Wall Street. Rep. Josh Gottheimer (D-NJ) and Rep. Nicole Malliotakis (R-NY) also discuss Biden’s new proposal as well as the lawmakers’ recently formed bipartisan SALT caucus. The Oscars will air on Sunday and many are anticipating a lower interest in the award show this year. Despite that, advertising costs have continued to rise; Ed Lee, corporate media reporter for The New York Times, and Sara Fischer, Axios media reporter, discuss the Hollywood economics behind award season. Plus, get your questions ready, it’s time to #AskWarren! Ahead of the Berkshire Hathaway Annual Shareholders Meeting, CNBC is collecting your questions for Warren Buffett, the Oracle of Omaha, at berkshirequestions@cnbc.com.