US News: Kamala Harris Advocates for Higher Investment Income Taxes in New Hampshire
Wednesday, 4 September 2024, 14:39
Harris Proposes Higher Taxes on Investment Income
In a bold move, Kamala Harris has announced a plan to increase taxes on investment income as part of her campaign for the 2024 presidential election. At a recent event in New Hampshire, she outlined her vision for tax reform that diverges from President Biden's more aggressive tax proposals.
Impact on Democratic Strategies
The proposal suggests a notable shift in how the Democrats might approach their fiscal policies. With the top capital gains tax rate currently at 20%, Harris's plan signifies a substantial hike for individuals selling assets.
- Current capital gains tax: 20%
- Potential effects on voters: significant
- Expected reactions from Republicans: likely backlash
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.