Harris calls for higher taxes on investment income — but less than Biden wanted

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US News,2024 Presidential Election,Democrats

Kamala Harris calls for breaks for small business startups

Vice President Kamala Harris called Wednesday for higher taxes on big-dollar investments like real estate and stocks during an appearance in New Hampshire — while

The veep did not directly mention Biden’s call for taxes on unrealized capital gains on top earners and a fact sheet released by her campaign also didn’t touch the idea — though Harris did say in her speech that “I support a billionaire minimum tax,” using Trump, 78, has also proposed the elimination of taxes on Social Security income if he retakes the White House, an idea Harris has not embraced.The vice president devoted some of her speech to bashing the 45th president’s threat to levy tariffs of up to 10% on foreign goods — calling it a “national sales tax on everyday products and basic necessities.”

 

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