Vice President Kamala Harris is reversing course on another item from her failed 2020 campaign by backing a 28% corporate tax rate, The Post has learned.
The presumptive Democratic presidential candidate is backing the same corporate tax rate proposed by President Biden in his 2025 budget released this year, NBC News first reported.
Earlier, Harris supported a 35% corporate tax rate, which was the taxation level until former President Donald Trump signed the 2017 Tax Cuts and Jobs Act into law, bringing it down to a rate of 21%.
“As President, Kamala Harris will focus on creating an opportunity economy for the middle class that advances their economic security, stability, and dignity,” said Harris-Walz campaign spokesperson James Singer in a statement.
“Unlike Donald Trump, whose extreme Project 2025 agenda would drive up the deficit, increase taxes on the middle class by $3,900, and send our economy spiraling into recession — her plan is a fiscally responsible way to put money back in the pockets of working people and ensure billionaires and big corporations pay their fair share,” Singer added.