and faces scrutiny for how she would handle inflation and taxes, two major issues on voters’ minds heading to the ballot box.
On Wednesday, Harris said she would increase the capital gains tax at a significantly lower rate than what Biden had proposed at a rally in New Hampshire. She would tax investment income at a, compared to Biden’s proposal of taxing capital gains at 39.6% for people who make more than $1 million a year. This stance is a reversal from her support for the tax increases proposed in the White House’s budget earlier this year.
Earlier this week, Harris’s campaign released an ad slamming Trump for corporate price gouging that has led to high grocery and gas prices for average families while blaming the former president for giving the same corporations tax cuts. It was the fourth ad focusing on the economy since the Democratic National Convention was held in Chicago.
“This country will end up in a depression if she becomes president. Like 1929, this will be a 1929 depression. She has no idea what the hell she’s doing,” Trump“I gave you the biggest tax cuts in the history of our country. … If you let the Trump tax cuts expire, which she wants to do, she wants to terminate them, if you do that, you will suffer the biggest tax increase in history,” Trump said of Harris.