Here's where Kamala Harris could stand on tax policy, experts say

2024-07-22 20:33:00+00:00 - Scroll down for original article

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U.S. Vice President Kamala Harris speaks during a campaign event at Westover High School in Fayetteville, North Carolina, on July 18, 2024. With President Joe Biden officially out of the election, experts are watching for tax policy from Vice President Kamala Harris, the frontrunner for the Democratic nomination. While Harris has yet to outline her economic agenda, voters could see similar themes to Biden's proposals, which have called for higher taxes on the wealthy and corporations, experts say. Ahead of the 2020 presidential election, Harris shared many of Biden's priorities but voiced distinct proposals before her campaign ended in December 2019. More from Personal Finance: How Project 2025 could impact your taxes under a second Trump term 'Recession pop' is in: Why so many listeners are returning to music from darker economic times CFPB cracks down on paycheck advance programs. What that means for workers Broadly speaking, it seems like Harris would be "largely on board" with most, if not all, of what Biden has been pushing, "especially in the big picture," said Garrett Watson, senior policy analyst and modeling manager at the Tax Foundation. If Harris becomes the Democratic nominee and leverages the Biden campaign's infrastructure and staff, it could limit her ability "to go in a way different direction," he said. The Harris campaign did not immediately respond to CNBC's request for comment. Here's what to watch from Harris when it comes to tax issues, according to policy experts.