Sunday Political Talk Show interviews during 2020-2024: on Corporations

Jeff Flake: Deregulation counters ambition of federal workers

Kamala Harris: Raise corporate tax rates to 28%, from 21%

Ms Harris has said that she will follow President Joe Biden's previously outlined plans to raise corporate tax rates to 28%, from 21%, but to only increase income taxes on individuals earning more than $400,000 annually. Together, these changes would not generate enough revenue to cover the full cost of her agenda. The shortfall would add about $1.4trn to America's deficit over the next decade, according to Piper Sandler, an investment bank. That is a lot, even if less than the cost of Mr Trump's tax-cutting plan, which is estimated to be about $4.5trn over the next decade.

Kamala Harris: Return corporate rate to 35%; Trump would lower to 15%

A: The Tax Cuts and Jobs Act permanently reduced the corporate income-tax rate to 21% from 35%.As a candidate seeking the 2020 nomination, Harris said she wanted to return that rate to 35%. If that's still the case, she would be seeking a steeper increase than Biden. The president has proposed boosting the corporate tax rate to 28%. Trump, meanwhile, has floated the idea of taking the corporate rate down to 15%.

Q: What about Harris's proposed tax on stock trades, and other ideas where she differed from Biden?

A: In 2019, when she was running for the Democratic nomination for president, Harris said in a Medium post that she would pay for her healthcare plan in part by taxing "Wall Street stock trades at 0.2%, bond trades at 0.1%, and derivative transactions at 0.002%. Think of it like this: that's a $2 fee on a $1,000 trade by investors and big banks," her post said.