National Security

Lawmakers Propose Revoking Tax Breaks for Investing in China

The bill targets investments with ties to the CCP, and specifically notes it doesn’t apply to Taiwan.
Lawmakers Propose Revoking Tax Breaks for Investing in China
Rep. John Moolenaar (R-Mich.) at the U.S. Capitol in Washington on Sept. 10, 2024. Kent Nishimura/Getty Images
Catherine Yang
|Updated:
0:00
Rep. John Moolenaar (R-Mich.) and Sen. Marco Rubio (R-Fla.) introduced a bill on Sept. 26 that would revoke preferential capital gains rates for investments tied to China.

The proposed change to the tax code is meant to dissuade American businesses and funds from supporting the Chinese Communist Party (CCP), which lawmakers and the intelligence community have increasingly warned is a national security risk in recent years.

Catherine Yang
Catherine Yang
Author
Catherine Yang has been with The Epoch Times in New York since 2008. She also launched and previously served as chief editor of American Essence magazine and Epoch Health.