Kamala Harris and the Democratic Party are not socialists or anti-capitalists. The party supports the free market and the ability to profit. But there's little debate that she and her party favor policies that would significantly affect businesses and those they call the "wealthy."
Harris and her party want to raise the corporate tax rate to 28 percent. They want to allow the 2017 Tax Cuts and Jobs Act to expire, which means many provisions that favor wealthier individuals — such as higher estate exemptions and lower individual rates — would become less favorable. They want to impose additional income, capital gains and unrealized gains taxes on those who have millions in assets and income, as well as push further environmental, labor, trade and other regulations that would negatively impact their businesses.
And yet, many wealthy people support her.
According to a recent Forbes report "among the financiers reportedly backing Harris are billionaires Jonathan Gray, president of asset manager Blackstone, Marc Lasry of credit investment firm Avenue Capital Management and hedge fund baron George Soros, while billionaires a degree removed from Wall Street supporting Harris include media magnate Barry Diller and construction tycoon Bob Clark.
Other major finance figures reportedly behind Harris include bank Lazard’s CEO and President Peter Orszag and Ray McGuire,........