CONFUSION: Biden says he’ll ELIMINATE cap gains tax — before saying he’ll DOUBLE it Steve Watson Posted on October 16, 2019 Posted in Aggregated No Comments Tagged with Featured Stories, Tile, U.S. News When asked about taxes, Biden said he would “eliminate” the capital gains tax, before correcting himself, saying he would increase it to 39.5 percent, doubling it. Share this:Share Share on Facebook (Opens in new window) Facebook Share on Reddit (Opens in new window) Reddit Share on X (Opens in new window) X Share on LinkedIn (Opens in new window) LinkedIn Email a link to a friend (Opens in new window) Email