Vice President Kamala Harris has unveiled a new tax plan targeting long-term capital gains, softening President Joe Biden‘s previously proposed rates ahead of the 2024 presidential election. What Happened: Vice President Harris on Wednesday introduced a 28% tax on long-term capital gains for households earning $1 million or more annually, reported CNBC. The proposed rate is lower than the 39.6% rate suggested by President Biden in his 2025 fiscal year budget. Harris announced the plan during a rally in North Hampton, New Hampshire, emphasizing the need to reward investment in American innovato…
