Vice President Kamala Harris rolled out a series of economic proposals on Wednesday, including a 28 percent tax on investment income for wealthy individuals that is far lower than the rate proposed by President Biden.
“If you earn a million dollars a year or more, the tax rate on your long-term capital gains will be 28 percent under my plan,” Ms. Harris said during an appearance outside a brewery in Portsmouth, N.H. Mr. Biden had proposed taxing capital gains at 39.6 percent for such Americans; the rate currently tops out at 20 percent.
www.nytimes.com
No surprise. The centrists pushed Biden out for being too liberal.
“If you earn a million dollars a year or more, the tax rate on your long-term capital gains will be 28 percent under my plan,” Ms. Harris said during an appearance outside a brewery in Portsmouth, N.H. Mr. Biden had proposed taxing capital gains at 39.6 percent for such Americans; the rate currently tops out at 20 percent.
2024 Election Live Updates: Trump Back on Campaign Trail as Harris Hits New Hampshire
In New Hampshire, Vice President Kamala Harris pitched an expanded tax break for start-ups and a capital-gains tax rate of 28 percent for some wealthy Americans, lower than what President Biden has proposed.
No surprise. The centrists pushed Biden out for being too liberal.
