In the last 24 hours, Vice President Kamala Harris has made notable policy shifts, sparking speculation about her electoral strategy amidst troubling poll numbers. Analysts suggest that her recent 'flip-flops' reflect a sense of urgency among her team due to the approaching election and the current dynamics of the political landscape. Observers note an interesting contradiction in Harris's policies regarding taxes; she has shown newfound support for a small business tax break initially championed by former President Trump in 2018. This break, which includes a proposed increase in deductions from $2,000 to $50,000, stands in stark contrast to the Democrats' previous opposition to tax cuts, raising eyebrows regarding her party's consistency. Furthermore, her proposal to increase the capital gains tax to 33.5%βthe highest rate in over 40 years, alongside an increase in the top personal tax rate to 39.6%βis seen as a burden to small business owners. The implications of her policies could make America less competitive compared to nations like China. The shifting political landscape and Harris's contrasting policies could reveal a deeper strategy aiming to attract moderate voters while tackling the challenges posed by Trump's favorability in polls, who currently stands as a strong candidate in both national and swing state polling. Harrisβs moves suggest a strategic pivot towards the center, sparking discussions about authenticity and voter preferences.
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