Nighttime Shelling Causes Serious Damage in Russia’s Belgorod Region Near Ukraine Border 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Trump Says “Very Good Talks” Underway on Russia-Ukraine War as Peace Efforts Continue 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
New York Legalizes Medical Aid in Dying for Terminally Ill Patients 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
U.S. Lawmakers to Review Unredacted Jeffrey Epstein DOJ Files Starting Monday 
US Pushes Ukraine-Russia Peace Talks Before Summer Amid Escalating Attacks 
Norway Opens Corruption Probe Into Former PM and Nobel Committee Chair Thorbjoern Jagland Over Epstein Links 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Iran–U.S. Nuclear Talks in Oman Face Major Hurdles Amid Rising Regional Tensions 
Trump Allegedly Sought Airport, Penn Station Renaming in Exchange for Hudson River Tunnel Funding 
Jack Lang Resigns as Head of Arab World Institute Amid Epstein Controversy 
U.S. Announces Additional $6 Million in Humanitarian Aid to Cuba Amid Oil Sanctions and Fuel Shortages 
Ohio Man Indicted for Alleged Threat Against Vice President JD Vance, Faces Additional Federal Charges 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
In 2025, Vice President Kamala Harris has unveiled a comprehensive tax reform agenda aimed at addressing income inequality and funding social programs. Her proposals focus on increasing taxes for high-income individuals and corporations while providing relief to middle- and lower-income families.
Tax Increases for High Earners and Corporations
Harris proposes raising the top marginal income tax rate for individuals earning over $400,000 annually. Additionally, she advocates for increasing the corporate tax rate from 21% to 28%, aiming to generate revenue for infrastructure and education initiatives.
Capital Gains and Estate Tax Reforms
The plan includes taxing long-term capital gains at ordinary income rates for individuals with incomes exceeding $1 million, effectively raising the top rate to 28%. Harris also supports tightening estate tax provisions by lowering the exemption threshold and increasing rates for large inheritances.
Expanded Tax Credits for Middle- and Lower-Income Families
To support working families, Harris proposes reinstating the expanded Child Tax Credit, providing up to $3,600 per child, and increasing the Earned Income Tax Credit for childless workers. These measures aim to reduce child poverty and provide financial relief to low-income households.
Public Reaction
Harris's tax reform proposals have sparked diverse reactions:
-
@TaxPolicyAnalyst: "Harris's plan to increase taxes on the wealthy is a step toward reducing income inequality."
-
@SmallBizOwner2025: "Raising corporate taxes could hurt small businesses struggling to recover in this economy."
-
@MiddleClassMom: "Expanded Child Tax Credit would be a lifesaver for families like mine."
Conclusion
Vice President Kamala Harris's 2025 tax reform agenda seeks to balance increased taxation on high earners and corporations with expanded support for middle- and lower-income families. As these proposals move through the legislative process, they are expected to generate significant debate regarding their potential economic impact and effectiveness in addressing income disparities.
