{"id":2326979,"date":"2024-08-19T16:37:02","date_gmt":"2024-08-19T20:37:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/harris-proposes-28-corporate-tax-rate-bringing-her-in-line-with-biden-washington-examiner\/"},"modified":"2024-08-19T16:40:46","modified_gmt":"2024-08-19T20:40:46","slug":"harris-proposes-28-corporate-tax-rate-bringing-her-in-line-with-biden-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/harris-proposes-28-corporate-tax-rate-bringing-her-in-line-with-biden-washington-examiner\/","title":{"rendered":"Harris proposes 28% corporate tax rate, bringing her in line with Biden &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fharris-proposes-28-corporate-tax-rate-bringing-her-in-line-with-biden-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2326979&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Vice President Kamala \u200dHarris\u2062 has proposed a 28% corporate\u200b tax rate as part of her <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/nearly-a-dozen-staffers-fired-by-desantis-campaign-amid-fundraising-woes\/\" title=\"Dozens of DeSantis campaign staffers fired due to fundraising troubles.\">presidential \u200ccampaign<\/a>, aligning her stance with \u2064President Joe \u2063Biden&#8217;s tax proposals. Her <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/future-of-all-volunteer-army-in-peril-as-gen-z-shuns-military-service\/\" title=\"Future of all-volunteer Army in peril as Gen Z shuns military service\">campaign emphasizes<\/a> the creation of an &#8220;opportunity economy&#8221; aimed at enhancing <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/economists-push-for-another-round-of-stimulus-checks\/\" title=\"Economists Push for Another Round of Stimulus Checks\">economic security<\/a> and\u200d dignity for the middle class. This\u200c proposed tax rate represents a decrease \u2062from\u2063 the\u200d previous 35% rate established \u200dbefore Republican tax cuts. Harris\u200d aims to reinforce her commitment to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/desantis-gives-state-employees-paid-family-and-maternal-leave-in-florida\/\" title=\"DeSantis grants paid family and maternal leave to Florida state employees.\">supporting\u2062 working families<\/a>\u200c through this economic strategy.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Harris proposes 28% corporate tax rate, bringing her in line with Biden<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1732423\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>Vice President <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/kamala-harris\/\" target=\"_blank\" rel=\"noopener\" title=\"Kamala Harris\">Kamala Harris<\/a> has endorsed a 28% corporate tax rate as part of her presidential campaign platform, bringing her in line with proposals from President <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/joe-biden\/\" target=\"_blank\" rel=\"noopener\" title=\"Joe Biden\">Joe Biden<\/a>.<\/p>\n<p>&ldquo;As President, Kamala Harris will focus on creating an opportunity economy for the middle class that advances their economic security, stability, and dignity,&rdquo; Harris campaign spokesman James Singer said.<\/p>\n<p>Republicans cut the corporate tax rate from 35% to 21% <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3114435\/multifront-battle-corporate-tax-rate\/\" target=\"_blank\" rel=\"noopener\" title=\"in 2017\">in 2017<\/a>, and Harris promised to restore the 35% rate in her failed 2020 run for president. The new pledge, which like others was announced through a spokesperson rather than by Harris herself, is for the same 28% rate that Biden supported in his official budget proposal. <\/p>\n<p>&ldquo;Unlike Donald Trump, whose extreme Project 2025 agenda would drive up the deficit, increase taxes on the middle class by $3,900, and send our economy spiraling into recession &ndash; her plan is a fiscally responsible way to put money back in the pockets of working people and ensure billionaires and big corporations pay their fair share,&rdquo; Singer said. <\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><\/a><\/strong><\/p>\n<p>Trump has bragged about cutting the rate during his first term and has talked of lowering it even further if elected this fall. <\/p>\n<p>Biden came into office pledging to repeal the Trump tax cuts and raise the corporate tax rate. He hasn&rsquo;t been successful in doing so, in large part because he lacked a Senate majority that favored tax hikes.<\/p>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1732423\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1732423\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Harris endorses a 28% corporate tax rate, aligning her stance with President Biden. As part of her presidential campaign, Vice President Kamala Harris has proposed this tax rate. Her campaign spokesperson, James Singer, stated that &#8220;As President, Kamala Harris will prioritize building an opportunity economy for the middle class that enhances their economic security, stability, and dignity.&#8221; In 2017, Republicans reduced the corporate tax rate from 35% to 21%, and during her unsuccessful 2020 presidential bid, Harris vowed to reinstate the 35% rate. The current commitment to a 28% rate mirrors Biden&#8217;s proposal in his official budget plan. Singer emphasized that unlike Donald Trump\u2019s extreme Project 2025 agenda\u2014which he claims would increase the deficit and raise taxes on the middle class\u2014Harris&#8217;s approach is fiscally responsible and aims to ensure that billionaires and large corporations contribute their fair share while benefiting working individuals. Trump has previously boasted about lowering the tax rate during his presidency and has suggested further reductions if he wins again this fall. Biden entered office intending to reverse Trump&#8217;s tax cuts and raise the corporate tax rate but has faced challenges due to a Senate majority opposing such increases<\/p>\n","protected":false},"author":2635,"featured_media":2326980,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/08\/Kamala-Harris-economy.webp","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[3620,38593,34402,4021,32076],"class_list":["post-2326979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-biden","tag-corporate-tax-rate","tag-economic-policy","tag-harris","tag-washington-examiner"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/08\/Kamala-Harris-economy.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2326979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2635"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2326979"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2326979\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2326980"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2326979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2326979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2326979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}