Kamala Harris tamps down capital gains tax increase

It’s not Joe Biden’s tax platform anymore. Vice President Kamala Harris took a notable step away from the president’s previous proposals in a speech today, pitching a significantly lower tax increase on capital gains.

Harris said during a campaign stop in New Hampshire that she’d increase the tax rate on long-term capital gains to 28% for people who make $1 million or more. Biden had pitched a 39.6% rate for people at that income level.