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'Time to pay up': Venture capitalists spar over Biden's plan to raise taxes

Time to pay up : Venture capitalists spar over Biden s plan to raise taxes
Cyrus Farivar
© Melina Mara
Image: Vice President Kamala Harris and Speaker of the House of Representatives Nancy Pelos applaud as President Joe Biden addresses a joint session of Congress at the U.S. Capitol on April 28, 2021. (Melina Mara / AFP - Getty Images)
President Joe Biden’s pledge to pay for his comprehensive child care and infrastructure packages by raising taxes on the wealthy is creating battle lines among venture capitalists.
Even before a specific bill has been formally introduced, some Silicon Valley venture capitalists and other large investors outside California have mobilized to protest the president’s plan to raise the capital gains tax, which investors pay when they sell financial assets. The opposition has started with the industry’s largest lobbying group, the National Venture Capital Association, which has publicly opposed raising capita ....

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'On the move': Biden urges Congress to turn 'crisis' into 'opportunity'

On the move : Biden urges Congress to turn crisis into opportunity
Lauren Egan
© Provided by NBC News
WASHINGTON President Joe Biden painted a nation on the mend, recovering from the pandemic but still in need of a boost from the federal government, in his first address to Congress on Wednesday as he seeks to shift his focus beyond the coronavirus pandemic nearly 100 days into his administration.
Biden said he was there to speak to Congress not just of crisis but of opportunity, pitching $4 trillion of ambitious investments in the American economy and social safety-net programs that he argued were necessary to compete on the global stage and would reduce deficits in the long run. ....

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