Vice President Kamala Harris said she aims to increase the top capital gains rate less aggressively than Joe Biden has advocated, a notable break from the retiring president’s tax policy agenda.
She revealed the change during a Wednesday rally in New Hampshire, calling for a tax rate of 28%.
“We will tax capital gains at a rate that rewards investment in America’s innovators, founders, and small businesses,” she said. “So here’s the detail: If you earn a million dollars a year or more, the tax rate on your long-term capital gains will be 28%.”
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The current rate for the highest earners is 20%. When a 3.8% Obamacare investment tax for top earners is included, the rate is 23.8%. Harris is now pushing for that to
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