On Thursday’s broadcast of “CNN This Morning,” Harris-Walz Campaign Senior National Spokesman Ian Sams stated that 2024 Democratic presidential candidate Vice President Kamala Harris supports a smaller increase in the capital gains tax rate than President Joe Biden “to better incentivize the kind of investment in entrepreneurs that we want to see in this country to help achieve some of the broader economic goals.
Sams said, “ou have to help people afford to start a business. It costs, on average, 40,000 bucks for someone to start a small business. But the tax deduction is only 5,000 bucks. She wants to tenfold expand that to $50,000 to help those people afford to start a small business.
He added, “hen it comes to something like the capital gains tax rate, she thinks that 39.6% is too high and that we can come down a little lower to 28% to better incentivize the kind of investment in entrepreneurs that we want to see in this country to help achieve some of the broader economic goals.
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