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.
