Democratic presidential nominee Kamala Harris is planning to propose a less drastic increase in the top capital-gains tax rate, breaking with a plan President Biden outlined in his budget blueprint earlier this year, according to people familiar with the matter.
Harris’s advisers believe that the Biden proposal puts the rate too high and that a more-modest rate increase could better encourage investment in entrepreneurship and access to capital for small businesses, the people said.
Harris’s allies argue the latest proposal still aligns with the vice president’s plan for the wealthy and corporations to pay more in taxes, with her advisers viewing it as a more appropriate balance, the people said.
The Biden budget would tax capital gains at ordinary income rates—which Democrats want to raise to 39.6% from 37%—for households with taxable income over $1 million.
They also want to increase that 3.8% investment-income tax to 5%, making the all-in rate 44.6%.
The updated Harris proposal would still keep that $1 million threshold but set a lower top tax rate, the people said.
.იყავით პირველი, ვინც ამ ზოგადი განხილვა უპასუხებს .
