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August 20, 2024

Harris proposes major corporate tax hike, reversing Trump era cuts

Yes, Kamala Harris, as part of the Biden administration, proposed increasing the corporate tax rate from 21% to 28% in an attempt to reverse cuts made during the Trump administration. This proposal came as part of a broader plan called the American Jobs Plan, aimed at making large-scale investments in U.S. infrastructure. The increase in the corporate tax rate is intended to help fund this plan.