pay for itself, wants to raise corporate taxe rate to 28%
It is time for us to do what we have been doing. And that time is every day
toured western Pennsylvania on Sunday in her tour bus, greeting Americans at staged campaign stops and searching for bags of Doritos at Sheetz. She stopped to take a few questions from press and offered an explanation for her recently revealed fiscal plans to fix prices for goods and federally regulate housing.
"You unveiled your economic policy last week," a news hound began, "can you explain how you're gonna pay for those and can you give us a sense of what other policies you'll unveil going forward." The proposals are estimated to increase the national debt by $1.7 trillion.
Harris would raise corporate tax rate to 28%, her campaign says
[GEOTV] US Vice President Kamala Harris would raise the corporate tax rate to 28% from 21% if she wins a November 5 election against Republican rival Donald Trump, her campaign said on Monday.
Harris campaign spokesman James Singer said the move would be part of "a fiscally responsible way to put money back in the pockets of working people and ensure billionaires and big corporations pay their fair share."
When Trump was president, he slashed the corporate tax rate to 21% from 35% and implemented other tax breaks that are set to expire next year. Trump has vowed to make the cuts permanent.
Harris, a Democrat, has pledged to maintain President Joe Biden's promise not to raise taxes on people who make $400,000 or less a year.
In an economic policy speech last week, Harris outlined proposals to cut taxes for most Americans, ban "price gouging" by grocers and build more affordable housing as part of the "opportunity economy" she plans to pursue if she wins the White House.