Democratic presidential candidate Kamala Harris has proposed a tax plan that includes raising the capital gains tax rate for those earning $1 million or more to 28 percent, lower than President Biden’s proposed rate of 39.6 percent. Harris also plans to offer a $50,000 tax deduction for new small businesses and support measures to help small businesses thrive. She aims to lower the cost of starting a business to encourage new applications. Harris’s proposal aims to appeal to a broader base of voters while still aligning with most of Biden’s plans.
Harris criticized her Republican rival Donald Trump for his proposed cuts to federal programs for small businesses and his policies that could increase the US deficit. Recent polls show Harris leading Trump in New Hampshire ahead of the election. Speaking at a brewery in North Hampton, Harris highlighted her focus on supporting small businesses, which she sees as crucial to strengthening the US economy. She was joined by female senators and other officials in the state, where independent voters outnumber Democrats and Republicans.
Harris’s tax proposals reflect her commitment to supporting small businesses and strengthening the middle class. By offering a lower tax rate on capital gains and promoting initiatives to help small businesses succeed, Harris aims to appeal to voters in New Hampshire and across the country. With a lead over Trump in New Hampshire, Harris is positioning herself as a candidate who will prioritize the needs of small businesses and working-class Americans.
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