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Harris Tax Resource Center

2024 Harris Tax Proposals: Details & Analysis

The Biden-Harris administration has announced a number of tax proposals to fund new government investments such as infrastructure, education and family programs as part of the White House’s Fiscal Year 2025 budget. Tax Foundation experts continue to serve as trusted thought leaders, providing research, modeling, analysis, and commentary on how Vice President Kamala Harris’s 2024 tax proposals would impact US competitiveness, economic growth, government revenue, and everyday taxpayers. The posts below include our research and analysis on a variety of Harris tax proposals. You can also explore our economic modeling via Options for Reforming America’s Tax Code and our 10 Tax Reforms for Growth and Opportunity. See the latest proposals from 2024 presidential candidates, including former President Trump, with our 2024 tax tracker

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The Future of US Tax Policy 2025

Talking Tax Reform: The Future of US Tax Policy in 2025

Congress will have to make tough decisions next year, and the new President will also want to shape the outcome.Is it possible that principled, pro-growth, fiscally responsible tax policy will be part of the package?Join us on November 15th for our upcoming webinar as our experts seek to answer this question and provide insight on many more.

2024 Election Insights | Can Trump’s Tariff Plan Really Replace the Income Tax?

Can tariffs truly replace income taxes in today’s economy? In this episode, we examine the bold and controversial proposal from former President Trump to replace income taxes with tariffs. What would this dramatic shift mean for everyday Americans, particularly those with lower incomes? And would it actually work?

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Placing Harris and Trump Tax Plans in Historical Context

Trump’s tariff hikes would rank as the the largest tax increase outside of wartime since 1940. Meanwhile, Harris’s tax plan would rank as the 6th largest tax increase outside of wartime since 1940.

5 min read

Can US Tax Reforms Keep Up with China?

How does tax policy shape a nation’s competitiveness? Today, we’re diving into the showdown between the US and China, exploring how China’s enticing tax incentives pose a formidable challenge to America’s economic supremacy.

Kamala Harris Tax Plan 2024 Details Analysis

Kamala Harris Tax Plan Ideas: Details and Analysis

On tax policy, Harris carries forward much of President Biden’s FY 2025 budget, including higher taxes aimed at businesses and high earners. She would also further expand the child tax credit (CTC) and various other tax credits and incentives while exempting tips from income tax.  

17 min read

2024 Election Insights | How to Fix Trump’s and Harris’s Tax Plans

Neither presidential candidate has a perfect tax plan. But what changes could Trump and Harris make to their respective tax plans to better serve American workers and the economy? In this episode, we dissect their plans and provide practical solutions for improvement.

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The Crisis Our Candidates Keep Ignoring

By 2035, Social Security as we know it will largely be insolvent. If we want to fix the issue, it’s time for our parties’ leaders to reform the program so it can be around for the long run for all Americans.

Social Security Reform Options

Social Security: Lessons for Reform

Social Security is by far the largest federal government spending program. The latest trustees report shows the program is on a fiscally unsustainable path that will exacerbate the US debt crisis if its imbalances are not addressed in the near term.

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Why Should I Care About the Corporate Tax Rate?

Smart tax policy takes into account how policy changes impact real people. Understanding who bears the burden of the corporate tax and the effects of a higher rate are essential to sound policymaking.

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Analysis of Harris’s Billionaire Minimum Tax on Unrealized Capital Gains

In her campaign for president, VP Kamala Harris has embraced all the tax increases President Biden proposed in the White House FY 2025 budget—including a new idea that would require taxpayers with net wealth above $100 million to pay a minimum tax on their unrealized capital gains from assets such as stocks, bonds, or privately held companies.

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