Last Updated on 06/09/2024 by Arun jain
On Thursday’s broadcast of “CNN This Morning,” Harris-Wolz campaign senior national spokesman Ian Sams said 2024 Democratic presidential nominee Vice President Kamala Harris supports a smaller increase in the capital gains tax rate than President Joe Biden “kind of promotes better To give. We want to see investment in entrepreneurs in this country to help achieve some of the broader economic goals.”
Samus said, “[Y]You have to help people start businesses. It costs an average of Rs 40,000 to start a small business. But the tax deduction is only Rs 5,000. He wants to increase it tenfold to $50,000 to afford people to start a small business. And when it comes to capital gains and the tax code, I think she understands that we can make sure that the people at the top, the billionaires and the wealthy, pay their fair share with the minimum tax, by raising the corporate tax rate. With the quadruple tax on stock buybacks, things that really make sure that people at the top are paying their fair share while also saying, look, I know there are some people who want to increase long-term capital gains to 40 is, 45%, understand the impulse, but we still need to encourage investment in start-ups.”
He added, “[W]As for the capital gains tax rate, she thinks 39.6% is too high and we can come down a bit below 28% to better encourage the kind of investment we want to see in entrepreneurs. Some help to achieve broader economic goals.”
Follow up Ian Hanchett on Twitter @IanHanchett
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