Bernie Sanders also openly disagrees with Vice President Kamala Harris on her shift against supporting Medicare for All, which she backed in 2019.
Sen. Bernie Sanders, I-Vt., on Sunday said Vice President Kamala Harris should increase her proposed 28% tax rate on long-term capital gains, marking his latest divergence with the Democratic presidential nominee’s economic platform.
“I would go higher than that”, Sanders told NBC’s “Meet the Press” of Harris’ proposed capital gains tax rate. “I think she’s trying to be pragmatic and doing what she thinks is right in order to win the election. My own view is slightly different.”
Harris on Wednesday announced her plan for a 28% tax on long-term capital gains, assets that are owned for more than one year, an increase from the current maximum rate of 20%.
That proposal softened the party line on tax reform.
President Joe Biden previously proposed a capital gains tax rate of 39.6% in his 2025 fiscal year budget. In 2016, Sanders campaigned for the Democratic presidential nomination with an even higher desired rate of 54.
