Today in New Hampshire, Vice President Kamala Harris unveiled more of her economic plans, proposing

tax breaks for new small businesses and a change to the capital gains tax.

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.

Now that is a smaller increase on investment income tax than what President Biden has called for in his latest budget proposal. The economy and inflation are top priorities for voters.

And on the trail, Harris and former President Donald Trump have highlighted their different approaches if elected in November.

Our White House correspondent has been covering both candidates

plans and she joins us now. Laura Burrell-Lopez, always good to have you here.

So let's start with Vice President Harris then just walk us through the key points in

her economic plans that she says will lower costs for everyday

Americans.

So in addition to the capital gains tax she proposed, today she also announced that she wants

to do a $50,000 tax deduction on expenses for small businesses.

That's an increase in the tax break from 5,000 for startups.

She also has a goal of 25 million new business applications in her first term

were she to win and this builds on other key proposals that she's already outlined

as early as last month of her economic proposals that include the

construction of three million new housing units. $25,000 down payment

assistance for first-time homebuyers, a federal ban on price gouging, food and groceries,

...