Harris Pushes 28% Capital Gains Tax Rate on $1 Million Earners
- Democrat seeks for wealthy, corporations to pay ‘fair share’
- Investors currently pay 20% rate on proceeds from asset sales
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Vice President Kamala Harris called for a 28% capital gains tax rate on people earning $1 million or more, touting it as a measure that would ensure the wealthy paid their fair share as she sought to detail her economic agenda and draw a contrast with Republican rival Donald Trump.
“While we ensure that the wealthy and big corporations pay their fair share, we will tax capital gains at a rate that rewards investment in America’s innovators, founders and small businesses,” Harris said Wednesday at an event in Portsmouth, New Hampshire.