Kamala Harris Proposes 28% Crypto Tax Rate For Wealthy Fairness: BBG

Key Points:

• Harris supports a 28% corporate tax rate, targeting wealthy cryptocurrency holders.
• Her economic plan focuses on fairness and mitigating cryptocurrency influence.
• In talks with Trudeau, Harris addressed risks from TikTok and digital assets.

Kamala Harris, campaigning in Georgia, emphasized increasing the crypto tax rate to 28%. Her platform focuses on rebuilding the middle class, small businesses, and cancelling student debt.

Air Force Two touched down in Georgia, a fresh step for Kamala Harris. The vice president drew a larger crowd than President Joe Biden had all year, touting her strength in the South.

In Atlanta, Harris – in a baby blue suit – took the stage with Megan Thee Stallion present. Following a record fundraising week, she taunted former President Donald Trump before warning that her campaign is the underdog.

Vice President’s Stand on Crypto Tax Rate

Early voting starts in September, and Harris feels her way toward ambiguity. She is embracing the Biden-Harris record and keeping a little distance from it.

According to Bloomberg, Harris’s main point of emphasis is her position on economic policy, especially the corporate tax rate. Harris favors increasing the corporate tax rate to 28% from the current 21%, aligning her with Biden’s budget proposal, which includes taxes on wealthy cryptocurrency holders.

Additionally, Harris has centred her economic platform around rebuilding the middle class, which involves small businesses and fairness. She has championed cancelling student loan debt and sponsored the Economic Opportunity Coalition.

Read more: Binance.US Hit with Revived HEX Manipulation Lawsuit by Appeals Court

Harris’s Economic Platform and Key Relationships

Recently, in a closed meeting with Canadian Prime Minister Justin Trudeau, she discussed the risks associated with TikTok and urged forced divestiture to rid China of influence.

She has developed relationships with business leaders, including JPMorgan Chase Chief Executive Jamie Dimon and World Bank President Ajay Banga, whom she could tap into her economic efforts.

Ms Harris’s campaign will publish parts of her economic policy agenda in a mid-August speech, emphasising some of her accomplishments rather than new policy proposals. Guiding principles include helping working families and paying attention to small businesses and entrepreneurship.