North Raleigh Today

Hall CPA CEO Brandon Hall said an analysis by his company details how Vice President Kamala Harris would raise taxes, including on business owners. 

Nathan Sosa, CPA, MST with Hall CPA, posted a blog article analyzing Harris' political history with tax legislation and compared her policies to President Joe Biden's. Harris voted against the Tax Cuts and Jobs Act (TCJA) in 2017 and has been critical of it since its passing, planning to let the cuts expire. The cuts in question include a 20% deduction on profits, a 100% bonus depreciation, along with estate exemptions.

Harris supported the Inflation Reduction Act, serving as the tiebreaker vote to pass the legislation that included tax cuts for green energy and made several tax extenders permanent. She also passed the Family Sick Leave Act, the CARES Act, the Paycheck Protection Flexibility Act of 2020, and the Consolidated Appropriations Act during her time in office. 

Sosa notes that Harris has written tax legislation alongside U.S. Sen. Elizabeth Warren (D-Mass.) several times. Warren is a long time supporter of a wealth tax. 

Harris would also support increasing taxes for households earning over $100,000, investors in real estate, and stock traders, according to Sosa's analysis. 

Raleigh-based Hall CPA, founded by current CEO Brandon Hall in 2015, is a "boutique accounting and consulting firm with a sole focus on serving the needs of real estate investors and real estate business owners," according to their website.