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Harris unveils plan for 28% capital gains tax, softening Biden’s proposal for 40% rate

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Harris unveils plan for 28% capital gains tax, softening Biden's proposal for 40% rate

Vice President Kamala Harris boards Air Force Two at Joint Base Andrews in Maryland, Sept. 4, 2024.

Erin Schaff | The New York Times | Via Reuters

Vice President Kamala Harris on Wednesday proposed a 28% tax on long-term capital gains for households with an annual income of $1 million or more, lower than the 39.6% rate President Joe Biden laid out in his

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“We will tax capital gains at a rate that rewards investment in…

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