With Vice President Kamala Harris officially the presumptive Democratic nominee for President, the party can turn to a policy framework as it prepares for its convention in a few weeks. That includes how a President Harris would approach tax and fiscal policy.
As my TPC colleague Howard Gleckman observes, Harris made frequent use of the tax code to achieve her policy goals as a US Senator and 2020 presidential candidate. Although her record points to ways she could diverge from Joe Biden on economic policies, Harris has already affirmed her support for one key Biden tax principle: No tax increases for families earning under $400,000.
What about other big picture tax questions? Let’s chart the options.
If raising taxes on individuals earning under $400,000 is off the table, could Harris plan to fund programs by raising other taxes?