Kamala Harris' Capital Gains Tax Proposal

Democratic presidential nominee Kamala Harris plans to propose a less drastic increase in the top capital gains tax rate, breaking away from President Joe Biden's earlier budget plan. The Wall Street Journal reports that this move is informed by insider sources.

Democratic presidential nominee Kamala Harris is set to propose a less significant increase in the top capital gains tax rate, according to the Wall Street Journal.

This move represents a departure from President Joe Biden's earlier plan, as outlined in his recent budget proposal. The change was reported by sources familiar with Harris' strategy.

The modification indicates a potential shift in the Democratic party's approach to capital gains taxation.

(With inputs from agencies.)