Kamala Harris adopts Trump-style proposals amid political pressure
- Kamala Harris has recently adopted a small business tax break proposal, increasing the deduction to $50,000.
- Her capital gains tax proposal would raise the rate to 33.5%, which is a significant increase from the current rate.
- These policy changes are seen as a response to poor polling and increasing competition from Donald Trump.
Recent commentary by Larry Kudlow highlights Vice President Kamala Harris's shift in policy positions, which he attributes to poor polling results. Harris has adopted a tax break proposal for small businesses that was previously supported by President Trump, increasing the deduction from $20,000 to $50,000. This marks a significant change from the Democratic stance against such tax breaks. Additionally, her proposed capital gains tax would rise to 33.5%, a notable increase from the current rate. Kudlow argues that this approach could hinder investment and economic growth, contrasting it with the successful tax cuts implemented during Bill Clinton's presidency. He also notes that under Harris's policies, corporate and capital gains taxes would be higher than those in China, raising concerns about competitiveness. The political landscape shows Trump gaining ground, with recent polls indicating he has a 58% chance of winning, suggesting that Harris's policy shifts may be a reaction to the increasing pressure from the former president's campaign.