Vice President Kamala Harris unveiled new tax proposals for small businesses Tuesday, which she is expected to announce publicly during her stump speech in New Hampshire on Wednesday. The proposal seeks to increase the federal government’s small business tax deduction by tenfold, from $5,000 to $50,000, which the campaign indicated will help reduce the roughly...
Tag: Economy
President Biden smiles, ignores press shouting questions for a full minute at White House event
While President Biden may have touted his successes on Tuesday, he had nothing to offer reporters but a grin as he ignored their questions. In a rare public appearance, particularly since he relinquished the Democratic Party nomination to Vice President Kamala Harris, Biden spoke about his “Investing in America” agenda during an event at the...
California Dems kill GOP bid to exempt tips from taxes
California’s Democratic-controlled legislature axed a Republican proposal that would have exempted tipped-income from state income taxes, striking down a policy proposal similar to ones endorsed by Vice President Kamala Harris and former President Donald Trump. “It is deeply disappointing that the legislature chose not to consider a proposal that could have provided much-needed relief to...
Trump focus on inflation, jobs can make inroads with Black voters, Chicago Republican leader says
FIRST ON FOX – Abortion is not a primary issue on the ballot for Black voters this election, according to Chicago Southside Republicans Chair Devin Jones. Instead, he said, Black voters – particularly men – are much more concerned about financial opportunities and entrepreneurship. “I think if the Trump campaign definitely hit harder on the...
Why Kamala Harris and Dana Bash get a mixed grade in VP’s first media sit down
Kamala Harris handled herself reasonably well in her first interview as the Democratic nominee, though she deflected a number of questions and said some untrue things. It makes you wonder why her advisers refused to allow her to talk to journalists, building up the pressure before last night’s CNN sitdown. Anchor Dana Bash did a...
Here's what Kamala Harris' tax Armageddon will cost you and the US economy
Gov. Tim Walzsaysa Harris administration would have no place in Americans’ bedrooms. But judgingbywhat we know from the Harristaxplan, it would have a biggerplace than ever in our wallets and bank accounts. Harris is proposinga $5 trilliontaxincrease, the biggest in American history. If passed, it would fundamentally reshape the American economy and the scale in...
Harris gains on Trump on economy and crime, poll finds
Former President Donald Trump’s edge over Vice President Kamala Harris on the topics of crime and economic policy is slipping, according to a new poll. The latest Reuters/Ipsos poll, released on Tuesday, shows Trump now maintains a slim 3% lead against Harris on employment and economic issues — 43% against Harris’s 40%. In late July,...
CNBC hosts clash with Harris campaign economic adviser over unrealized gains tax proposal: 'Unconstitutional'
The hosts of CNBC’s “Squawk Box” clashed with Bharat Ramamurti, an informal economic adviser on Vice President Kamala Harris’ campaign, over the Biden-Harris proposal that would tax unrealized capital gains, which the hosts argued was likely “unfair” and “unconstitutional.” Hosts Rebecca Quick and Joe Kernen pressed Ramamurti on the proposal, which Quick deemed unreasonable because...
Don Lemon marvels at Black voters telling him they’re backing Trump: Think he’s ‘on Black people’s side’
Former CNN host Don Lemon confessed it was “eye-opening” to see the number of voters in deep-blue cities that told him they were backing former President Trump in the next election, primarily because of economic concerns. “I don’t know if it was surprising, but it was certainly eye-opening to hear so many people, even people...
'Beyond Insane': Economists slam Biden-Harris proposal to tax unrealized investment returns
The Biden administration’s proposal – which the Harris campaign has indicated it supports – to tax investment returns that have not yet been realized is “insane” and “absurd,” economists told Fox News Digital. The Biden-Harris administration’s Treasury Department released its 2025 fiscal year revenue proposals earlier this year, in March. Among the list of tax...









