Categories
Small Business Funding

How Harris and Trump differ on tax policies [Video]

In U.S. politics, tax policy often becomes a critical issue for defining economic priorities and future plans.Vice President Kamala Harris and former President Donald Trump have each championed tax policies that reflect the economic ideologies of their political parties. Their individual views tend to differ drastically.However, ahead of the 2024 general election, both Harris and Trump have come out saying they support the removal of taxes on tips for workers in the service industry.What are the points where they disagree? Here’s the breakdown:Kamala Harris’ tax policy: Taxing corporations to support the middle classHarris aligns with progressive tax policies that aim to reduce income inequality by shifting a greater tax burden onto wealthy individuals and corporations.Her stance is similar to that of President Joe Biden, under whose administration several tax proposals have been advanced that Harris supports.According to U.S. News and World Report, a cornerstone of Harris’ policy is raising the …

Watch/Read More