Democratic presidential candidate Kamala Harris has proposed raising the capital gains tax rate for those earning $1m or more to 28 percent, instead of the 39.6 percent rate proposed by President Joe Biden in his fiscal 2025 budget.
On Wednesday, Vice President Harris also told cheering supporters at a brewery in North Hampton, New Hampshire, about 10 miles south of Portsmouth, that she would push for a $50,000 tax deduction for new small businesses, 10 times the current tax break.
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