U.S. VP Harris proposes to raise corporate tax to 28%

Transcript

00:00U.S. Vice President Kamala Harris has proposed to increase the corporate tax rate to 28 percent

00:06if she is elected president in November.

00:09The Harris camp says the move is a responsible way of putting money back in the pockets of

00:13working people while also ensuring that billionaires and big corporations contribute their fair

00:19share as well.

00:20Harris' presidential rival Donald Trump slashed the corporate tax to 21 percent from 35 percent

00:27and also implemented tax breaks that are set to expire next year.

00:31In stark contrast to the Democratic candidate, Trump has vowed to make such cuts permanent

00:37if he becomes president again.