Harris breaks with Biden on capital gains tax; calls for top rate of 28% (Page 2 ) | September 6, 2024

Kamala Harris speaks at the DNC

Vice President Kamala Harris speaks on stage during the final day of the Democratic National Convention at the United Center in Chicago on Aug. 22. (Justin Sullivan/Getty Images)

Harris revealed the plan in a speech on Wednesday in New Hampshire, telling the audience, “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 because we know when the government encourages investment, it leads to broad-based economic growth, and it creates jobs, which makes our economy stronger.”

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Harris’ proposal for a lower top tax rate on capital gains suggests she wants to appeal to a broader base of voters, even as she sticks with most of President Biden’s plans to strengthen the middle class. Harris became the Democratic nominee after Biden stepped aside on July 21.

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