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Harris campaign spokesperson James Singer said the move would be
part of "a fiscally responsible way to put money back in the
pockets of working people and ensure billionaires and big
corporations pay their fair share."
When Trump was president, he slashed the corporate tax rate to
21% from 35% and implemented other tax breaks that are set to
expire next year. Trump has vowed to make the cuts permanent.
The Committee for a Responsible Federal Budget, a nonpartisan
advocacy group, said on Monday that Harris' proposal to raise
the corporate income tax rate to 28% would reduce the U.S.
deficit by $1 trillion over a decade.
Changes to the U.S. tax code require approval by Congress.
Democrats and Republicans are in a tight battle for control of
the Senate and the House of Representatives, both up for grabs
in the Nov. 5 election.
Harris, a Democrat, has pledged to maintain President Joe
Biden's promise not to raise taxes on people who make $400,000
or less a year.
In an economic policy speech last week, Harris outlined
proposals to cut taxes for most Americans, ban "price gouging"
by grocers and build more affordable housing as part of the
"opportunity economy" she plans to pursue if she wins the White
House.
(Reporting by Trevor Hunnicutt; writing by Jasper Ward; Editing
by Rami Ayyub and Lisa Shumaker)
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