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"Kamala Harris To Pare Back Biden's Capital-Gains Tax Proposal; Advisers Believe A More-modest Increase Would Balance Taxing Wealthy Households And Encouraging Investment" - WSJ

Author: Benzinga Newsdesk | September 04, 2024 01:38pm

https://www.wsj.com/politics/policy/kamala-harris-to-pare-back-bidens-capital-gains-tax-proposal-14c537b1?mod=politics_lead_story

 

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 have been discussing the move behind the scenes in recent days, the people said. The vice president is set to speak Wednesday afternoon in New Hampshire about promoting small businesses, but it's unclear if she will discuss the capital-gains proposal in those remarks.

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