According to NBC News, Harris, the Democratic presidential candidate in the United States, has called for an increase in the corporate tax rate to 28 percent, her first major proposal as a presidential candidate to increase government taxes and fund expensive programs she wants to pursue. Harris' campaign spokesperson, James Singer, said Harris would push for a 28 percent corporate tax rate, calling it "a fiscally responsible way to put money back into working-class pockets and ensure billionaires and big corporations pay their fair share." The policy, if implemented, would raise hundreds of billions of dollars. At the same time, it would overturn a large part of legislation signed by former President Don Trump when he was president, which lowered the corporate tax rate from 35 percent to 21 percent. Meanwhile, Trump recently said that if elected president, he would cut taxes further, including for businesses.