U.S. Vice President Kamala Harris has announced a basket of economic proposals aiming to lower living costs for middle and lower-class Americans and boost the economy overall by using tax incentives and other tax shifts.

Goldman Sachs recently estimated Harris' 28% proposed corporate tax rate would reduce S&P 500 earnings by about 5% starting in 2026, but Wall Street isn't particularly concerned about the Harris tax plan.

Vice President Harris' tax plan would create disincentives for work and investment that would cost the U.S. economy nearly 800,000 jobs, a Tax Foundation analysis found.

Vice President Kamala Harris is expected to build on her economic platform Wednesday when she delivers an economy-focused speech in Pennsylvania, after the nominee has already called for an “opportunity economy” focused on the middle class and released plans that include lowering grocery and prescription drug prices and addressing the housing crisis.

U.S. Vice President Kamala Harris has announced a basket of economic proposals aiming to lower living costs for middle and lower-class Americans and boost the economy overall by using tax incentives and other tax shifts.

Harris will argue her economic philosophy is “rooted in her middle-class upbringing” and contrast that with Trump’s “gilded path to wealth,” a campaign official said.

Kamala Harris will lay out her “pragmatic” economic philosophy as a “capitalist” on Wednesday, pushing back on critics with a speech stressing her “middle class” values as she and Donald Trump clash over the trade and tax policy.

Vice President Kamala Harris' speech Wednesday is aimed at assuring voters that she's a leader who embraces the strengths of capitalism while wanting to rein in its excesses.