news 1 month ago
Economist Breaks Down What Kamala Harris VP Nomination MeansWochit Postables
On Tuesday, Kamala Harris was announced as Joe Biden's Vice President for the Democratic Party ticket. How will that pick effect the economy? According to Allison Schrager, a senior fellow at the Manhattan Institute, the markets seemed comfortable with Harris on the ballot. Last summer Harris proposed a tax on stock and bond trades. However, Schrager does not expect Biden and Harris to make that change if they're elected. She added that Biden and Harris "aren't particularly risk-takers as candidates." Schrager said the nation could expect higher income taxes and corporate taxes under a Biden-Harris administration.