Sen. Pete Ricketts, R-Neb., has introduced a legislative package to help block China’s attempts “to disrupt American prosperity.”
Ricketts said he offered the four-bill package “that would counter malicious efforts” involving Chinese political leaders and operatives inside the U.S. aimed at an overthrow of the American way of life.
One bill would treat capital gains on stocks issued by businesses in China, Russia, Belarus, North Korea and Iran as ordinary income. That would prevent the income from eligibility for lower capital gains tax rates.
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