Raise taxes on the rich or cut them? Harris and Trump differ on how to boost the US economy
- Vice President Kamala Harris proposed a 28% tax on long-term capital gains for households earning $1 million or more, lower than President Joe Biden's 39.6% rate.
- Donald Trump plans to extend tax cuts from 2017, proposing corporate tax cuts and raising tariffs, despite potential effects on consumers and the national deficit.
- Both candidates’ tax proposals are expected to increase the national deficit significantly, according to the Penn Wharton Budget Model at the University of Pennsylvania.
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Leaning Left12Leaning Right18Center16Last UpdatedBias Distribution39% Right
