What changes to capital gains tax rates does Neel Kashkari Carney budget propose for 2025?

1. Tracing the name confusion that derailed the claim

The documents in hand show two distinct public figures referenced separately: Neel Kashkari, a Federal Reserve official, and Mark Carney, a Canadian political leader; none are combined into an author of a fiscal budget ^{[1] [4] [5]}. Reporting tied to Kashkari focuses on monetary policy outlook and interest-rate expectations rather than tax policy details, and mentions of Carney appear in political coverage and international meetings, not as a drafter of U.S. tax legislation. The compilation of analyses repeatedly flags that the name “Neel Kashkari Carney” does not appear in the provided texts as the proponent of a 2025 budget or tax-rate changes, indicating a likely conflation or transcription error rather than an identifiable policy proposal originating from a person or office by that combined name ^{[1] [4] [5]}.

2. What the reviewed sources actually say about capital gains proposals

Among the materials, the most relevant tax-related content identifies the Treasury’s Greenbook summarizing President Biden’s 2025 revenue proposals and an independent legislative text called the Capital Gains Inflation Relief Act of 2025, which addresses indexing basis for inflation rather than changing statutory rates ^{[2] [3]}. The Greenbook summary is referenced but not detailed in the provided analysis, and the Capital Gains Inflation Relief Act proposes indexing gains to reduce taxable amounts for assets acquired after December 31, 2025, which is a structural change to measurement of gain rather than a headline increase or decrease in statutory capital gains tax rates ^{[2] [3]}. Neither document is attributed to “Neel Kashkari Carney,” and neither analysis reports an explicit percentage-rate change for 2025 tied to that name ^{[2] [3]}.

3. Legislative activity examined in state-level documents shows different priorities

The Minnesota omnibus tax bill and related legislative analyses included in the materials focus on state tax provisions—property tax exemptions, local aid, and other state fiscal measures—and do not address federal capital gains rate changes or attribute any 2025 rate proposal to the name in question ^{[6] [7] [8]}. Those documents track bill numbers, committee actions, and amendments within the Minnesota Legislature, which is not the venue for federal capital gains rate-setting. The absence of federal rate proposals in these state documents underscores that the claimed 2025 federal capital gains rate changes tied to “Neel Kashkari Carney” lack corroboration in both federal and state legislative sources provided ^{[6] [7] [8]}.

4. Reconciling the closest substantive proposals with the claim

When isolating substantive tax changes discussed in the supplied material, the only concrete reform explicitly described is the Capital Gains Inflation Relief Act of 2025, which would index asset basis for inflation and take effect for assets acquired after December 31, 2025; this would alter tax liability mechanics rather than directly changing statutory capital gains rates in 2025 ^[3]. The Greenbook reference suggests administration revenue proposals exist for 2025, but the provided analysis did not extract a specific rate change or connect those proposals to any figure named “Neel Kashkari Carney.” Therefore, the claim that such a named budget proposed specific capital gains rate changes for 2025 is unsupported by the documents at hand ^{[2] [3]}.

5. Bottom line and recommended next steps for verification

The evidence in the reviewed materials leads to one clear factual conclusion: no source supplied here confirms that “Neel Kashkari Carney” proposed changes to capital gains tax rates for 2025. To verify such a claim, consult primary documents: the official 2025 federal budget proposals published by the Treasury or White House (the Greenbook and budget documents), legislative texts from Congress, or direct statements/releases from the named individuals’ offices. The present corpus instead points to separate items—Fed commentary by Kashkari, political coverage of Carney, a Greenbook summary, and a distinct Capital Gains Inflation Relief Act—none of which substantiate the specific assertion about a “Neel Kashkari Carney” budget altering capital gains rates in 2025 ^{[1] [4] [2] [3] [6]}.