Robert Reich: What Will Kamala Harris Do About America’s Soaring Inequality And Shameful Tax System? – OpEd

A few Americans at the very top have extraordinary wealth but pay incredibly low rates of income tax. Why? Their hugely profitable businesses generate very little taxable income. Mostly, they generatecapital gains.

Kamala Harris announced that she would increase the capital gains tax to 28 percent. That’s higher than the...