How a President Harris Would Tax the Wealthy

News September 04, 2024 at 10:27 AM
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What You Need To Know

  • Harris holds to Biden's promise of not increasing taxes on filers earning less than $400,000, according to Jeff Bush.
  • Massive new taxes — including a wealth tax — in a Harris administration are unlikely because there aren't enough votes, says Greg Valliere.
  • In Harris' tax plan, the stepped-up basis at death is curtailed, Bush said.
Vice President Kamala Harris in the Eisenhower Executive Office Building in Washington, DC on June 17, 2024.