VP Kamala Harris campaigns for 7% corporate tax increase if elected, with approval needed from Congress.

Vice President Kamala Harris plans to increase the corporate tax rate from 21% to 28% if she wins the November election, according to her campaign. Harris' spokesman, James Singer, said this would be a fiscally responsible way to put money back in the pockets of working people and ensure billionaires and big corporations pay their fair share. The tax increase would require approval by Congress, where Democrats and Republicans are currently in a tight battle for control.

August 19, 2024
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