Kamala Harris Proposes 25% Minimum Tax on Wealthy Individuals, Businesses, Stock Traders, and Households Earning Over $100,000

Kamala Harris has proposed a comprehensive tax reform plan that targets various groups, including stock traders, business owners, wealthy individuals, real estate investors, and households earning over $100,000 annually. Key features of her plan include an annual 25% minimum tax on unrealized gains for individuals with income and assets exceeding $100 million. Harris's supporters argue that this tax will be expanded over time to affect a broader segment of the American population. Critics, however, warn that her policies could negatively impact businesses and contribute to inflation, with concerns raised about the potential consequences for Medicare under her healthcare proposals.