“As President, Kamala Harris will focus on creating an opportunity economy for the middle class that advances their economic security, stability, and dignity,” Harris campaign spokesperson James Singer told The Hill.
Harris has been building out her policy platforms and positions in the run-up to the convention, releasing a series of economic proposals last week that included attacking corporate “price gouging.”
To help cover some of her more costly policy proposals, a corporate tax rate hike would bring in nearly $100 billion per percentage point increase over the next decade, according to a 2018 estimate by the nonpartisan Congressional Budget Office.
The proposal, first reported by NBC News, draws a sharp contrast with former President Trump.
Under the former president’s signature 2017 tax cut legislation, the corporate tax rate was slashed to 21 percent from 35 percent.
In June, Trump floated further cutting the corporate tax rate to 20 percent during a closed-door Business Roundtable event with some of the country’s most powerful executives.
The Hill’s Taylor Giorno has more here.
