'Beyond Insane': Economists slam Biden-Harris proposal to tax unrealized investment returns

The Biden administration’s proposal – which the Harris campaign has indicated it supports – to tax investment returns that have not yet been realized is "insane" and "absurd," economists told Fox News Digital. 

The Biden-Harris administration’s Treasury Department released its 2025 fiscal year revenue proposals earlier this year, in March. Among the list of tax revenue proposals is a plan to include unrealized investment returns as part of someone’s taxable income if their net worth is greater than $100 million.