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France 24
France 24
Business

US President Joe Biden to propose increasing taxes on wealthy

The Biden administration is planning to propose a near-doubling of the highest tax rate on long-term capital gains. © FRANCE 24

The Biden administration plans to propose tax hikes on high-income earners, including a near-doubling of the rate paid by wealthy investors. The move isn't a surprise, but it still has investors feeling jittery. Also, with the latest mission to the International Space Station underway, we take a look at how Elon Musk's SpaceX has edged out the competition in the space race.

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