Institute on Taxation and Economic Policy

August 26, 2024

The Lever: Will Harris Finally Kill Wall Street’s Infamous Tax Break?

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As part of their new 2024 party platform, Democrats have promised to close a notorious tax loophole that has long allowed Wall Street billionaires to pay a far lower tax rate than most Americans. Likewise, Vice President Kamala Harris has reportedly signaled she supports ending this tax break, which could net billions in government revenue.

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