Vice President Kamala Harris recently made headlines during a campaign speech in New Hampshire where she outlined her tax plan, including a concession for millionaires. Harris proposed a 28 percent tax rate on long-term capital gains for individuals earning a million dollars or more annually, positioning herself as more business-friendly than President Biden. This move was influenced by advice from allies and donors in Wall Street and Silicon Valley, as well as her belief in incremental progress over sweeping change.
One key advisor for Harris on economic issues was her brother-in-law, Tony West, who took a leave from his role at Uber to support her campaign. West, along with longtime advisor Brian Nelson, helped shape Harris’s economic messaging and maintain a connection with business executives and Wall Street donors.
Harris’s pragmatic approach to economic policy shows her willingness to engage with a wide range of stakeholders and consider various perspectives on taxation and business regulations. By appealing to both the middle class and wealthy individuals, Harris aims to strike a balance that promotes investment and economic growth while addressing concerns about income inequality. As Harris continues to refine her economic platform, her collaboration with advisors like West and Nelson will play a crucial role in shaping her policies and messages for the future.
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