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Kamala Harris expected to tout tax provisions in campaign

Vice President Kamala Harris, whose nomination as Democratic presidential contender will be made official at the party's convention next month, is expected to highlight the tax provisions passed by the Biden administration in her campaign, including the Inflation Reduction Act (IRA) and CHIPS and Science Act of 2022. The IRA introduced subsidies for clean energy production and electric vehicle purchases, while the CHIPS Act provided tax credits for domestic semiconductor manufacturing. Harris has already played a crucial role in promoting these provisions and aligns with Biden's push to expand the child tax credit. She is expected to maintain continuity with the administration's legislative accomplishments. However, she may be more aggressive than Biden in raising taxes on corporations and high-income individuals. Harris previously proposed a full repeal of the Tax Cuts and Jobs Act (TCJA) and a tax increase for those earning over $100,000. It remains to be seen if she will return to these proposals. Harris has recently criticized former President Trump's involvement in Project 2025, which aims to make all tax provisions in the TCJA permanent and rescind the funding boost for the IRS.

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