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Kamala Harris potential election could affect yourretirement savings.
Also see why retiring could be more affordable under a Harris presidency.
The tax increases reportedly wouldaffect 3.8 million people, representing almost 3% of all U.S. taxpayers.
She also has advocated forlimiting the retirement account contributionsfor high-income earners with significant IRA balances.
Currently, high-income earners can contribute up to $23,000 to their retirement accounts.
Her tax policies [would] be a net negative for the economy, Winegarden said.
She wants to increase taxes on investment and increase taxes on companies, which harms workers through lower wages.
However, Winegarden said Harris healthcare policies would shift healthcare costs and offset any potential savings.
The net effect [would] be even higher housing costs and still too little housing.
Uncertain Impact on Retirement Savings
Throughout her political career, Harris has pursued big corporations.
For example, as California attorney general, she sued eBay, alleginganti-competitive hiring practices.
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