The vice president supports the tax increases proposed by the Biden White House, according to her campaign.

No one making less than $400,000 a year would see their taxes go up under the plan. Instead, Ms. Harris is seeking to significantly raise taxes on the wealthiest Americans and large corporations. Congress has previously rejected many of these tax ideas, even when Democrats controlled both chambers.

  • TransplantedSconie@lemm.ee
    181·
    4 months ago

    Way to miss the forest for the trees. Though you probably figured no one should bother to read the article:

    The expiring measures included a broader standard deduction, lower marginal income rates for many Americans, and a generous deduction for owners of many closely-held businesses. The White House tax plan states that Americans making less than $400,000 should not see tax increases in a deal. That means that Ms. Harris wants to extend much of the Tax Cuts and Jobs Act, her Republican rival’s signature legislative accomplishment.