Here we go again. It seems everyday now there is a new bit of information coming out about the new tax plan being pushed by congress and the Biden administration. Love it or hate it, there are some real steps that may eventually lead to our investing lives changing forever. The newest installment is the push to take away one of the tax advantages that ETFs possess, which leads to lower realized capital gains by the investor than in an equivalent mutual fund. This, again, is pushed as a means to tax the rich, which it will, but they are not the only ones who will be on the hook if this passes. Today, we will discuss:

1. What ETFs are

2. How Congress is trying to decrease their tax-efficiency

3. Why I believe this to be a bad idea, overall

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(Please keep in mind that I am not a financial advisor. I create these videos for educational purposes only. You and only you are responsible for the investment decisions that you make.)