Last week, we took a close look at Joe Biden’s “Build Back Better” plan for the U.S. economy, including a new federal credit bureau aimed at closing the racial wealth gap in America. But what about Biden’s new running mate, Senator Kamala Harris of California?
“I’m not trying to restructure society,” she said to The New York Times early in her own presidential campaign last year. “I’m just trying to take care of the issues that wake people up in the middle of the night.”
Here’s where Kamala Harris stands on key economic issues from taxes to coronavirus relief.
Big changes to the tax code
Unsurprisingly, Harris shares many of her running mate’s economic priorities. Her proposed changes to the tax code include:
Raising the corporate income tax rate of 21 percent up to 35 percent
Raising the marginal income tax rate to 39.6 percent from 37 percent on the top 1 percent of America’s highest-earning hous… Read More