Analyzing Kamala Harris's 'Moderate' Tax Increase
WSJ Opinion: Potomac Watch
The Wall Street Journal
4.2 • 2.8K Ratings
🗓️ 5 September 2024
⏱️ 24 minutes
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| 0:00.0 | It's 4 a.m. and you're sucking baby snot through a tube because she's congested. |
| 0:04.0 | If you love her that much, love her enough to make sure she's buckled in the right car seat. |
| 0:08.0 | Find out more at N.H.S.S.A.gov slash the right seat. |
| 0:11.0 | Brought to you by the National Highway Safety Administration |
| 0:14.0 | and the Ad Council. |
| 0:17.0 | From the opinion pages of the Wall Street Journal, this is Potomac Watch. |
| 0:24.0 | Everyone's an economic populace now, but will the economy suffer because of it? |
| 0:30.0 | That's the political story of the week. |
| 0:32.0 | As Donald Trump and Kamala Harris compete for votes in the swing states of Pennsylvania, Michigan, and Wisconsin. |
| 0:38.8 | Joe Biden looks set to block Nippon Steele's proposed takeover of U.S. steel after Kamala Harris. Lock Harris proposes a nearly 40% increase in the tax on capital gains, but is hailed as an economic moderate |
| 0:59.1 | for the increase. We'll break down her latest tax plan and how it compares to Donald Trump's welcome. |
| 1:05.7 | I'm Paul Giegogne. We're here on Potomacwatts, the daily podcast, the Wall Street Journal |
| 1:10.4 | opinion pages, and I'm here with my colleagues Bill McGurn and |
| 1:14.8 | Alicia Finley welcome to you both. Let's first talk about Kamala Harris's |
| 1:19.8 | economic proposal which was so much Ballyh who'd really given an awful lot of |
| 1:24.0 | promotion by the campaign so they want people to pay attention to it and she's |
| 1:28.1 | almost pitching it as a tax cut believe it or not let's listen to her describe it. |
| 1:33.0 | And while we ensure that the wealthy and big corporations pay their fair share, |
| 1:38.0 | we will tax capital gains at a rate that rewards investment in America's innovators, founders, and small businesses. |
| 1:47.0 | So here's the detail. |
| 1:49.0 | If you earn a million dollars a year or more, the tax rate on your long-term capital gains will |
| 1:55.4 | be 28% under my plan because we know when the government encourages investment it |
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