Kamala Harris's Tax Increases Would Hit the Middle Hardest

Vice President Harris’s campaign is said to be focused on helping the middle-classes. She says she has plans to reduce costs and increase wages for middle-class working people.  But her tax increase proposals aimed at the rich and big corporations would actually end up harming middle-class working people and the entire U.S. economy.

Harris has proposed increasing the top marginal tax rate, raising the top tax rate on capital gains and dividends, and increasing the corporate tax rate to 35%. All of these tax rate increases would reduce savings and investment, slow economic growth, and reduce jobs and incomes throughout the economy.