This was announced by Harris campaign spokesman James Singer, who described the measure as “a fiscally responsible way to “put money back into the pockets of working people”. The measure would reverse legislation signed by former President Donald Trump in 2017which drastically reduced the corporate tax rate from 35% to 21%.
Kamala Harris’ announcement
At the Democratic Party Congress, Harris confirmed that one of her first measures – if elected President – will be raise the corporate tax rate to 28%. According to his campaign team, this will allow “put money back into the pockets of working people and ensure that billionaires and large corporations pay their fair share.”
This change would raise billions of dollars as the Congressional Budget Officea nonpartisan organization, projected that the increase of one percentage point in the tax rate of companies corresponds to around US$100 billion in a decade.
Currently, the corporate tax rate in the US is 21%. In this way, Harris would reverse much of the legislation signed by former President Trumpwho modified this regulation in 2017.
“As president, Kamala Harris will focus on creating an economy of opportunity for the middle class that advances their economic security, stability and dignity,” Singer detailed. For his part, in his electoral campaign Trump declared that will cut taxes even furthereven to businesses, if he is elected President.
Kamala Harris opened the Democratic National Convention
In the framework of the presidential elections in the United States, which will take place on November 5, the election will take place in Chicago starting this Monday. Democratic National Convention. During the event, the official announcement will be made Harris’ candidacy for the Democrats.
In her speech, the current vice president began by paying tribute to Joe Biden, whom she will replace in the electoral race. “Joe, thank you for your historic leadership, for your life of service to our nation.“, he stressed.
Biden Democratic Convention.avif
AFP
Harris made an unscheduled appearance, preceded by the video Freedomthe centerpiece of her campaign and set to music by the singer Beyoncé with his eponymous song. This event was a central part of the day’s programming, which culminated with the featured presentation by the president Joe Biden.
The highlight of the evening was Biden’s speech, who swore in Harris as his successor: ““I love my job, but I love America more,” said the current President of the United States.
“USA, I gave you my best. “I made a lot of mistakes in my career, but I gave them my best,” the Democrat continued, visibly emotional.
“There is no place in America for political violence, you cannot love the country only when you win,” Biden said, referring to the former president and Republican candidate. Trumpalthough avoiding naming it directly.
Regarding Harris, the Democratic leader said: “SShe will be a president our children can look up to. She will be respected by world leaders, because she already is. She will be a president we can all be proud of. And she will be a historic president who will leave her mark on the future of the United States..”
Source: Ambito
