Published 09/04/2024 6:03:19 p.m.

Harris to break with Biden on capital gains tax, proposing a smaller increase

Vice President Kamala Harris plans a smaller capital gains tax increase, breaking from President Joe Biden's 2025 budget proposal, as reported by CNN.
The current capital gains tax rate is 23.8%, and Biden wants to raise it to 39.6% for high earners, but Harris finds this too high.
Harris proposes a 28% capital gains tax for those earning at least $1 million, lowering Biden's proposed rate. She announced this during a speech in New Hampshire.

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Reuters

Harris to pare back Biden's capital-gains tax proposal, WSJ reports

Democratic presidential nominee Kamala Harris is planning to propose a less drastic increase in the top capital gains tax rate, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

09/04/2024 6:03:19 p.m.·United Kingdom

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USA Today

Harris announces rare policy break with Biden on capital-gains tax rate

Vice President Kamala Harris will propose lower capital-gains tax rate increase than President Joe Biden in his annual budget in rare policy break.

09/04/2024 7:08:23 p.m.·United States

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CNN

Harris to break with Biden on capital gains tax, proposing a smaller increase

In an economic speech in New Hampshire on Wednesday, Vice President Kamala Harris plans to propose a smaller increase in taxes on capital gains, breaking with the policy laid out by President Joe Biden in his 2025 budget, according to people familiar with the matter.

09/04/2024 6:45:02 p.m.·Atlanta, United States

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The Hill

Harris proposes lower capital gains tax increase than Biden

Vice President Harris made a policy break from President Biden on Wednesday by calling for a lower tax increase on capital gains than what the president had proposed. Harris said during a campaign speech in New Hampshire said she wants to increase the capital gains tax to 28 percent for those with $1 million or…

09/04/2024 8:26:32 p.m.·Washington, United States

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大纪元 Epoch Times

He Jinli pushes for a capital gains tax rate of 28%, lower than Biden's proposal | 28% | 44.6%

In an economic speech at a New Hampshire campaign event on Wednesday (September 4), U.S. Democratic presidential candidate Heather Johnson proposed raising the long-term capital gains tax rate to 28% for the wealthy and those earning more than $1 million a year, far lower than the 39.6% tax rate proposed in President Biden's 2025 fiscal budget.

09/05/2024 9:34:52 a.m.

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The Epoch Times

Harris Breaks From Biden in Plan to Impose Lower Capital Gains Tax Hike

WASHINGTON—Vice President Kamala Harris on Sept. 4 proposed a new tax rate on capital gains at 28 percent, which is higher than the existing level but lower than President Joe Biden’s 2025 budget proposal that she previously endorsed. Harris’s plan represents a departure from Biden’s budget proposal, which would raise the capital gains tax on individuals earning more than $1 million to 44.6 percent. Her campaign had previously endorsed Biden’s t…

09/04/2024 11:49:07 p.m.·New York, United States

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