Vice President Kamala Harris said in a new interview that she plans to raise taxes on the wealthy and big corporations as part of her economic plan if elected in November.
Since becoming the official Democratic presidential nominee, Harris has said: $25,000 housing grant for first-generation homebuyers; Provides $100 billion in tax credits for manufacturing and increases tax credits for small businesses tenfold.
“My plan is that when you invest in small businesses, you invest in the middle class, and you strengthen the American economy. Small businesses are part of the backbone of the American economy,” Harris said. he told “60 Minutes” in a clip released on Monday. Monday.
CNN reporter says Kamala Harris campaign is unhappy with Biden's recent media appearances
Vice President Kamala Harris said Monday that if elected in November, she plans to raise taxes on the wealthy and corporations as part of her economic plan. (Melina Mara/The Washington Post via Getty Images)
“60 Minutes” correspondent Bill Whitaker reminded Harris that the question was “How are you going to pay for it?”
Harris immediately said wealthy Americans would foot the bill.
“We're going to make sure the wealthiest among us who can afford it pay their fair share of taxes,” Harris said.
“It's not right that teachers, nurses and firefighters pay higher taxes than billionaires and big corporations,” Harris continued. “I'm going to make it fair.”
“But we're dealing with the real world here,” Whitaker shot back, asking how the plan would get through Congress.
“You know, when I quietly talk to a lot of people in Congress, they understand exactly what I'm saying,” Harris said.
“Because their voters know exactly what I'm talking about,” Harris added. “Their constituents are firefighters, teachers and nurses.”
Biden goes on the defensive after being asked who was the “conductor'' for Hurricane Helen
Vice President Kamala Harris participated in an interview on “60 Minutes” that will air in its entirety on Monday. (Screenshot/CBS)
Harris' opponent, former President Donald Trump, was also invited to appear on “60 Minutes'' for a campaign interview feature, but he declined.
Last month, Harris announced a new small business tax proposal last week aimed at reducing the cost burden associated with starting a new business. Among the proposals was a significant increase in the standard tax credit for small business start-up costs from $5,000 to $50,000. “It's essentially a tax cut for starting small businesses,” the vice president said in a speech announcing the new proposal. “We look forward to helping more small businesses and innovators get off the ground.”
Harris also expressed support for raising marginal tax rates for both businesses and individuals, which conservative economists argued would reduce the benefits of a 10-fold increase in startup deductions.
In addition to new tax proposals for small businesses, Harris announced this week: Taxing capital gains. She wants to raise it to 33%, but Biden reportedly wants to nearly double the current 23.8% tax rate. According to the Wall Street Journal.
Harris has also signaled support for expanding the child tax credit and increasing government spending to help families with their child care needs, among other proposals.
CLICK HERE TO GET THE FOX NEWS APP
Fox News Digital’s Alec Schemmel contributed to this report.
