It’s actually not that big of a deal since the tax code is filled with write-offs and deductions.
Kamala Harris confirmed she wants her administration to raise the corporate tax from 21% to 28%:
The Harris campaign confirmed to Fox News that the vice president is proposing to raise the rate that major businesses pay from 21% to 28%, describing it as “a fiscally responsible way to put money back in the pockets of working people and ensure billionaires and big corporations pay their fair share.”
“As President, Kamala Harris will focus on creating an opportunity economy for the middle class that advances their economic security, stability, and dignity,” campaign spokesperson James Singer said in a statement.
The move, if it were to become law, would likely raise hundreds of billions of dollars, according to projections from the nonpartisan Congressional Budget Office.
The announcement comes as Harris is beginning to offer details on …