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The Dow Jones Industrial Average slides 321 points, or 0.94%, over news that President Biden would nearly double the capital gains taxes for individuals earning more than $1 million to between 36.9% and 43.4%. The tax increase would reportedly finance Biden’s American Families Plan, which is expected to provide paid family leave and free community college. The current tax rates on capital gains are 0%, 15%, and 20%, depending on your filing status.