Can Corporate America Help Harris Win Pennsylvania?

Published On Oct 14, 2024, 7:42 AM

Vice President Kamala Harris is strengthening her ties with business leaders to enhance her position in the presidential race. She has surpassed fundraising expectations by appealing to corporate donors and addressing their concerns. Harris suggests a more business-friendly approach, including a less aggressive antitrust enforcement stance, a lighter corporate tax rate compared to President Biden's initial proposals, and support for tax incentives for employee ownership in companies. The effectiveness of her strategy in winning key swing states remains uncertain, especially amid a competitive race despite positive economic indicators.

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Harris's conciliatory tone towards business could boost investor sentiment in the financial sector and related industries as she aligns her policies more with corporate interests, potentially leading to increased stock prices in these sectors.

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