Harris to pare back Biden's capital-gains tax proposal, WSJ reports

Published 09/04/2024, 01:46 PM
Updated 09/04/2024, 01:56 PM
© Reuters. FILE PHOTO: U.S. President Joe Biden looks on during a Labor Day campaign event with Democratic presidential nominee and U.S. Vice President Kamala Harris, at IBEW Local Union #5 in Pittsburgh, Pennsylvania, U.S., September 2, 2024. REUTERS/Elizabeth Fran

© Reuters. FILE PHOTO: U.S. President Joe Biden looks on during a Labor Day campaign event with Democratic presidential nominee and U.S. Vice President Kamala Harris, at IBEW Local Union #5 in Pittsburgh, Pennsylvania, U.S., September 2, 2024. REUTERS/Elizabeth Frantz/File Photo

WASHINGTON (Reuters) - Democratic presidential nominee Kamala Harris is planning to propose a less drastic increase in the top capital gains tax rate, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

The move, if taken by Harris, would break with a plan outlined by President Joe Biden in his budget earlier this year, the newspaper reported.

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