On Wednesday, Vice President Kamala Harris announced that she would support a 28% tax on capital gains for households earning one million dollars or more per year, a steep decrease from the 39.6% rate proposed by President Biden in his 2025 fiscal year budget.

Harris has also suggested increasing the small business tax credit from $5,000 to $50,000, a decision that may bring some small business owners wary of another Trump Presidency into the Harris-Walz coalition.

These moves are part of a larger split the Vice President has made from her former running mate in an effort to appeal to economically conservative and moderate voters.