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Harris walks tightrope when it comes to taxes

4 8
08.09.2024

Democrats say Vice President Harris’s decision to offer a more modest capital gains tax hike on the wealthy is a step in the right direction to win over voters concerned she’s too liberal or too antagonistic to business.

The Trump campaign has cast Harris as a liberal firebrand, pointing to various positions she took in 2019 when she was running for president and courting liberal voters.

In recent weeks, since becoming the Democratic nominee, Harris has shifted toward the center, most notably in moving away from her 2019 call to ban fracking, a critical issue in swing state Pennsylvania.

Democratic strategists say Harris needs to counter former President Trump's attacks and that her proposal to raise the capital gains tax on those with taxable income to 28 percent instead of the 39.6 percent rate favored by the Biden administration is welcome news.

Democratic strategist Anthony Coley said the new proposal underscored that Harris is not the progressive some Republicans have sought to portray her as. While Coley said he has heard some mixed reviews from some in his party, he said it’s a signal to the business community that “she gets it.”

“With this announcement, she is sending a signal to the business community that she is not........

© The Hill


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