« Be ready to buy stocks that are getting crushed by tax fears that have nothing to do with the fundamentals, » the « Mad Money » host said.
Investors selling stocks in reaction to the Biden administration’s rumored plan to hike taxes on investments are making a mistake, CNBC’s Jim Cramer said Thursday. « Please, do not fear the taxman. Don’t fixate on where a stock came from, only think about where it might be going, » the » Mad Money » host said, shrugging off the odds that the proposal would get through Congress as is. Stocks fell after a Bloomberg News report said that President Joe Biden could propose raising capital gains taxes on millionaires.
