Warren and Harris during the Democratic presidential
In her four years as a senator, Harris sponsored 19 tax bills and co-sponsored 143. The colleague with whom she most frequently joined as a sponsor was Elizabeth Warren, the Massachusetts liberal. The three senators who most often co-sponsored tax bills with her were Richard Blumenthal, Cory Booker and Jeff Merkley — each left of center or liberal.
Warren and Harris during the Democratic presidential candidate debate in Houston in 2019, when they were each running for their party's nomination in a campaign ultimately won by Biden. Photographer: Callaghan O'Hare/Bloomberg
And in the 2020 campaign, Harris had favored rolling the corporate tax rate all the way back up to 35%, whereas Biden's position has been to lift it from the current 21% to 28%. (Trump has floated a further cut, to 15%.)
Also in that campaign, Harris backed raising taxes to pay for "Medicare for All," a program Biden disavowed. In financial markets, she pitched to tax stock trades at 0.2%, bond trades at 0.1% and derivative transactions at 0.002%.
The congressional election result will be crucial to determining what sort of tax policy results from what's sure to be a tense battle in 2025, potentially extending into 2026. Harris's succession has added a new element of uncertainty.
Need-to-Know Research
Real progress in narrowing the pay gap between men and women effectively ended years ago, and the differential may never be eliminated, according to indications from a recent economic study.
From the mid-1970s to the early 2000s, the gap shrank in high-income economies thanks to smaller differentials between males and females entering the labor market, according to findings published by the Centre for Economic Policy Research. Since then, narrowing solely relied on the retirement of the older generations that had larger pay gaps.
Bloomberg
"Even more disappointingly, the convergence of male and female entry outcomes that persisted until the mid-1990s was not due to improved prospects for younger women," the four economists who conducted the study wrote. "But rather to disproportionately poorer outcomes for younger men."
And in the 2020 campaign, Harris had favored rolling the corporate tax rate all the way back up to 35%, whereas Biden's position has been to lift it from the current 21% to 28%. (Trump has floated a further cut, to 15%.)
Also in that campaign, Harris backed raising taxes to pay for "Medicare for All," a program Biden disavowed. In financial markets, she pitched to tax stock trades at 0.2%, bond trades at 0.1% and derivative transactions at 0.002%.
The congressional election result will be crucial to determining what sort of tax policy results from what's sure to be a tense battle in 2025, potentially extending into 2026. Harris's succession has added a new element of uncertainty.
Need-to-Know Research
Real progress in narrowing the pay gap between men and women effectively ended years ago, and the differential may never be eliminated, according to indications from a recent economic study.
From the mid-1970s to the early 2000s, the gap shrank in high-income economies thanks to smaller differentials between males and females entering the labor market, according to findings published by the Centre for Economic Policy Research. Since then, narrowing solely relied on the retirement of the older generations that had larger pay gaps.
Bloomberg
"Even more disappointingly, the convergence of male and female entry outcomes that persisted until the mid-1990s was not due to improved prospects for younger women," the four economists who conducted the study wrote. "But rather to disproportionately poorer outcomes for younger men."
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