Kamala Harris says she will make the US tax code “more fair” while also prioritizing investment and innovation.
“Billionaires and big corporations must pay their fair share in taxes,” she tells her supporters. “That’s why I support a billionaire minimum tax and corporations paying their fair share.”
She says that while her administration will ensure that the wealthy and big corporations pay their fair share, it will also tax capital gains “at a rate that rewards investment in America’s innovators, founders and small businesses”.
If you earn a million dollars a year or more, the tax rate on your long-term capital gains will be 28% under my plan. Because we know when the government encourages investment, it leads to broad based economic growth, and it creates jobs, which makes our economy stronger.
Kamala Harris’ campaign has accepted rules for the upcoming debate with Donald Trump.
The rules for the 10 September meeting of the Democratic and Republican presidential candidates will include muting microphones, a source told Reuters.
The campaigns had disagreed over whether microphones should be shut off when it isn’t a candidate’s turn to speak. Harris’ campaign had previously advocated for live microphones, arguing that it would “fully allow for substantive exchanges between the candidates”.
Here’s footage of Kamala Harris’s remarks on the Georgia school shooting from earlier today:
Tim Walz and the Harris campaign have trolled JD Vance over the GOP vice-presidential nominee’s awkward encounter at a doughnut shop:
The Democratic vice-presidential candidate said: “Look at me, I have no problem picking out donuts.”
The remark is a reference to Vance’s recent visit to a doughnut shop during which the GOP candidate stumbled while ordering, saying he’d get “whatever makes sense”.
Tina Smith, a US senator from Minnesota, has also weighed in:
Joe Biden and Kamala Harris will travel to Ground Zero in New York to commemorate the September 11 attacks, the White House has just announced.
The president and vice-president will also visit the Flight 93 memorial in Shanksville, Pennsylvania, and the Pentagon in Arlington, Virginia, officials said in a press release. Donald Trump is also reportedly considering a stop at the 9/11 memorial in New York on the anniversary, according to the New York Times.
A Republican-led House committee sent a subpoena to Minnesota’s governor, Tim Walz, seeking documents and communications related to a vast fraud scheme conducted by a non-profit that used pandemic relief funds meant for feeding kids.
NBC News first reported the subpoenas, which were sent to Walz; Minnesota’s commissioner of education, Willie Jett; the US agriculture secretary, Tom Vilsack; and the agriculture inspector general, Phyllis Fong.
The House committee on education and the workforce wrote to Walz to say it had been investigating the Department of Agriculture and the Minnesota department of education’s oversight of federal child nutrition programs and Feeding Our Future, the group that is alleged to have stolen more than $250m in pandemic funds.
The subpoena does not seek an in-person appearance from Walz before the committee. It sets an 18 September deadline for turning over documents.
Five of the people involved in the scheme were convicted for their roles earlier this year in a trial that included an attempt to bribe a juror with a bag full of $120,000 in cash left at her home. In total, 70 people have been charged in relation to the scheme.
The Harris campaign has not said whether Kamala Harris supports requiring automakers to build only electric or hydrogen vehicles by 2035 – a position that she held during her 2020 presidential campaign.
According to Axios, the Harris campaign has sent contradictory signals about her position on a mandate for automakers, a key issue in pivotal battleground states including Pennsylvania, Michigan and Wisconsin, where many autoworkers are based. The report says:
In a lengthy ‘fact-check’ email last week that covered several issues, a campaign spokesperson included a line saying that Harris ‘does not support an electric vehicle mandate’ – suggesting she changed her previous position, without elaborating.
When asked to clarify Harris’s position, the campaign declined to comment, according to the report.
The Trump campaign said it raised $130m in August, ending the month with $295m cash on hand.
The fundraising was slightly lower in August when compared with the previous month; the Trump campaign said it raised $138.7m in July and had a cash-on-hand total of $327m at the end of July.
When Kamala Harris mentioned Donald Trump during her campaign speech in New Hampshire, a member of the audience shouted “Lock him up”.
Harris responded by saying that “the courts will handle that and we’ll handle November”.
Kamala Harris says she will make the US tax code “more fair” while also prioritizing investment and innovation.
“Billionaires and big corporations must pay their fair share in taxes,” she tells her supporters. “That’s why I support a billionaire minimum tax and corporations paying their fair share.”
She says that while her administration will ensure that the wealthy and big corporations pay their fair share, it will also tax capital gains “at a rate that rewards investment in America’s innovators, founders and small businesses”.
If you earn a million dollars a year or more, the tax rate on your long-term capital gains will be 28% under my plan. Because we know when the government encourages investment, it leads to broad based economic growth, and it creates jobs, which makes our economy stronger.
Kamala Harris says she will also invest in small businesses and innovators throughout America, noting that “talent exists everywhere in our country” but that not everyone has access to the financing, venture capital or expert advice.
She says that if elected, her administration will expand access to venture capital, support innovation hubs and business incubators, and increase federal contracts with small businesses. Small businesses in rural communities will be a particular focus, she says.
Kamala Harris says she will also help existing small businesses to grow, by providing low- and no-interest loans to small businesses that want to expand.
She also pledges to “cut the red tape that can make starting and growing a small business more difficult than it needs to be”.
For example, Harris says she will make it cheaper and easier for small businesses to file their taxes.
Let’s just take away some of the bureaucracy in the process to make it easier for people to actually do something that’s going to benefit our entire economy.
Kamala Harris moves on to talking about what she calls an “opportunity economy”, which she envisions is a one “where everyone can compete and have a real chance to succeed”.
She says America’s small businesses are an “essential foundation to our entire economy” and that she wants to see 25m new small business applications by the end of her first term, if she is elected.
To help achieve this, Harris says she will lower the cost of starting a new business. It costs about $40,000 to start a new business, she says, and the current tax deduction for a startup is just $5,000.
Harris proposes to expand the tax deduction for startups to $50,000, which she says is essentially “a tax cut for starting a small business”.
Kamala Harris, speaking at a campaign event in New Hampshire, begins her remarks by talking about the high school shooting in Georgia.
“We’re still gathering information about what happened, but we know that there were multiple fatalities and injuries,” Harris told her supporters. “Our hearts are with all the students, the teachers and their families.”
She said Wednesday’s shooting is “a senseless tragedy on top of so many senseless tragedies”, adding that it is “outrageous” that parents have to send their children to school worried about whether they will come home alive.
It’s senseless. It is. We’ve got to stop it, and we have to end this epidemic of gun violence in our country once and for all.
Kamala Harris has just taken to the stage at a campaign event outside a brewery in New Hampshire, where she is reportedly expected to announce her economic plans including a smaller increase in taxes on capital gains.
Harris is speaking from behind bulletproof glass enclosure, after the Secret Service added protective measures for outdoor campaign events in the wake of the attempted assassination of Donald Trump in July.
Source: US Politics - theguardian.com
