Vice President Kamala Harris, trying to separate her economic message from President Biden's as the 2024 presidential campaign enters a crucial stage, proposed a smaller capital gains tax than the president and a $50,000 tax deduction to boost small businesses.
The Democratic presidential nominee called for hiking the capital gains tax rate for households earning $1 million or more a year to 28%, compared to the 39.6% increase Biden laid out in his 2025 budget.
