Harris calls for higher taxes on investment income — but less than Biden wanted

Vice President Kamala Harris called Wednesday for higher taxes on big-dollar investments like real estate and stocks during an appearance in New Hampshire — while floating plans for more deductions for 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,” Harris told supporters in North Hampton, “because we know when the government encourages investment, it leads to broad-based economic growth and it creates jobs.” The top capital gains tax rate currently is 20% — meaning the Democratic presidential nominee’s proposal amounts to a sizable hike for people who sell land or other holdings that have appreciated significantly in value. Read more at #kamalaharris #taxes #investment #election #politics The New York Post is your source for breaking news, news about New York, sports, b