Donors to Vice President Kamala Harris’s campaign are pushing her to reconsider supporting a proposed tax on the wealthiest Americans, as some Wall Street and Silicon Valley executives try to reshape the Democratic nominee’s governing agenda.
Ms. Harris’s campaign last week said she supported the tax increases included in President Biden’s latest White House budget proposal. One of those plans would require Americans worth at least $100 million to pay taxes on investment gains even if they have not sold the stocks, bonds or other assets that have appreciated.
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Ms. Harris’s campaign last week said she supported the tax increases included in President Biden’s latest White House budget proposal. One of those plans would require Americans worth at least $100 million to pay taxes on investment gains even if they have not sold the stocks, bonds or other assets that have appreciated.
Donors Quietly Push Harris to Drop Tax on Ultrawealthy
Vice President Kamala Harris’s fund-raising has benefited from a surge of interest from Silicon Valley and Wall Street.