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Tax

Aug. 23, 2024

Kamala Harris' tax proposals: Will they raise taxes for the rich or the middle class?

Vice President Kamala Harris has pledged not to raise taxes for those making under $400,000 a year, but her past proposals suggest that she may raise taxes for the wealthy.

Robert W. Wood

Managing Partner, Wood LLP

333 Sacramento St
San Francisco , California 94111-3601

Phone: (415) 834-0113

Fax: (415) 789-4540

Email: wood@WoodLLP.com

Univ of Chicago Law School

Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.

Shutterstock

Will Vice President Kamala Harris' tax proposals lead to higher taxes if she is elected president and gets them through Congress? If so, for whom? She does not have a long campaign behind her, and much is still taking shape, but the polls suggest that voters seem to like what they see. Taxes may be one of the key issues for many voters, regardless of whether they hope for no tax hikes on themselves or big tax hikes on someone else.

Perhaps the biggest development has been Harr...

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