Vice President Kamala Harris is embracing a core piece of the Biden administration’s tax policy agenda in a sign of how she could handle the 2025 tax fight if she’s elected president.
Harris will back an increase in the corporate tax rate to 28%, Harris-Walz campaign spokesperson James Singer confirmed. NBC News first reported Harris’ plans. That stance will please plenty of congressional Democrats. Many view raising taxes on corporations by increasing the current 21% rate as a top priority for 2025 when most of the Trump tax cuts expire.
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