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Mandatory Credit: Photo by Michele Eve Sandberg/Shutterstock (10742432a)On August 11, 2020 former VP Joe Biden named Kamala Harris as his running mate, making the California senator the first Black and South Asian American woman to run on a major political party’s presidential ticket.

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Specifically, Harris supportedraising the marginal income tax rateto 39.6% for the top 1% of earners.

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She also recommended implementing a 4% income-based premium on households earning more than $100,000.

As a former U.S.

The legislation did not become law.

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Social Security

Harris has consistently expressed support for strengtheningSocial Securityas a chief member of the Biden Administration.

The bill would have also eliminated wage caps subject to Social Security payroll taxes for incomes above $250,000.

Business Regulations

Harris supported increasingregulations on businesses, particularly those that amplify worker protections.

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Instead, the major economic focus will be on trade policy, interest rates and inflation.

I expect Vice President Harris will continue to address the issues consistent with what the administration is currently doing.

Student Loan Debt

Harris changed her stance onstudent loan debtsince becoming Vice President.

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Green Energy Subsidies

Harrisshares Bidens viewon increasing subsidies for green energy and clean energy initiatives.

It will make your kids 529 plan smaller.

It will make every stock and mutual fund you own less valuable.

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