As the months of promises are replaced with actual policy, a look at the road ahead and the road not taken
Ms. Harris also rolled out a plan to raise the tax deduction for start-up businesses from $5,000 to $50,000, accompanied by a vague pledge to encourage venture capital to flow toward small enterprises.
To offset cuts, the Harris team says it would “ensure the wealthiest Americans and the largest corporations pay their fair share.” That translated into reversing many of the Trump-era tax cuts, including raising corporate taxes to 28%. Other proposals included a new set of earnings and capital gains taxes on wealthy individuals.
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