Trump and Harris Have Different Tax Plans, Sanders Disapproves of Harris' Proposal

Democratic Vice President Kamala Harris has proposed raising taxes on high earners, including a 28% tax on long-term capital gains for those earning over $1 million. Republican former President Donald Trump, on the other hand, has pledged to continue tax cuts if elected. The Trump tax cuts, which took effect in 2018, are set to expire in 2025, meaning tax changes will happen regardless of Congressional action. Harris also supports avoiding tax increases for those making less than $400,000 and expanding the child tax credit. However, some of her proposals have been criticized for being significant tax increases.