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What will be the corporate tax rate by the end of 2025?
2
Resolution / Starting Odds
21% • 25%
28% • 25%
Higher than 28% • 25%
Other • 25%
Official tax legislation records
Story
Kamala Harris Proposes 28% Corporate Tax Rate if Elected, NBC News Reports
Aug 19, 2024, 07:36 PM
Kamala Harris, the Vice President of the United States and a presidential candidate, has proposed raising the corporate tax rate to 28% if elected. According to NBC News, this proposal aims to roll back part of former President Donald Trump's 2017 tax legislation, which reduced the corporate tax rate from 35% to 21%, where it has remained since 2018. Harris's plan marks her first significant revenue-raising policy as a candidate, reflecting her intention to fund her presidential agenda. The proposal has sparked debate, with some critics labeling it as a 'communist' economic policy. Harris's campaign spokesperson, James Singer, emphasized that the move is intended to ensure that billionaires and large corporations contribute their fair share to public funding.
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Similar markets
2.6% - 5% • 25%
5.1% - 10% • 25%
10.1% - 15% • 25%
Above 15% • 25%
Relocate manufacturing to the U.S. • 25%
Expand existing U.S. manufacturing • 25%
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Yes • 50%
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