The tax policies espoused by Vice President Kamala Harris, the presumptive Democratic nominee for president,  while similar to those of President Joe Biden, differ in some respects, and they could be a factor in this year’s presidential election campaign, Accounting Today reported.

As California attorney general, U.S. senator and vice presidential candidate, Harris issued many pronouncements about her views, which are now being examined more closely. She has called for significant changes in tax policy that, in some cases, are more far-reaching than those of President Biden, according to Accounting Today.

For example, while Biden campaigned on a pledge not to raise taxes on anyone making less than $400,000, Harris has said she would not raise them on anyone earning less than $100,000, Tax Notes reported. 

But most of her views on tax policy echo Biden's. "A Harris presidency would be, for all intents and purposes, a continuation of the Biden administration," said Isaac Boltansky, the director of policy research at global financial services firm BTIG, in an interview with MarketWatch earlier this month. 

A major focus of her tax policy would certainly include the Tax Cuts and Jobs Act of 2017, many provisions of which are due to expire in 2026 without congressional action. As a presidential candidate in 2019, then-Sen. Harris said that she would repeal the legislation in its entirety, Bloomberg reported at the time.

At a campaign stop last week in North Carolina, Harris drew a contrast between the expanded child tax credit introduced during the Biden administration and the Tax Cuts and Jobs Act, Politico reported. "Pull up the split screen," Harris said, at the vent. "Whereas the last administration gave tax cuts to billionaires, we gave tax cuts to families through the Child Tax Credit, which cut child poverty in America by half."

The nonpartisan Tax Foundation issued a report on Harris’s tax policy ideas in 2020, after she was named as Biden's vice presidential running mate. They included the following:

● Raising the top marginal income tax rate on the top 1 percent (up to 39.6 percent from 37 percent); 

● Implementing a 4 percent “income-based premium” on households making more than $100,000 annually to pay for her version of “Medicare for All"; 

● Creating a new refundable tax credit (under the Low-Income First Time Homebuyers Act (LIFT Act) of 2023) that would be available to low- and middle-income taxpayers, designed to increase after-tax income to address the rising cost of living; 

● Raising capital gains tax rates to the same rates as ordinary income, though it is unclear if Harris would do so only on a subset of taxpayers; 

● Raising the corporate income tax rate of 21 percent, established in the Tax Cuts and Jobs Act, up to 35 percent; 

● Expanding the estate tax to cover increased teacher compensation; and  

● Imposing a financial transaction tax (FTT) on stock trades at 0.2 percent, bond trades at 0.1 percent and derivative transactions at 0.002 percent.

Donald Trump, the former president and Republican candidate, told Bloomberg News that he viewed Harris' tax policy as similar to Biden's, criticizing both.