Harris proposes major corporate tax hike, reversing Trump era cuts

As the Democratic National Convention started, Vice President Kamala Harris called for upping the corporate tax rate as the party's presidential nominee unveiled a major proposal to raise revenues.

"As President, Kamala Harris will focus on creating an opportunity economy for the middle class that advances their economic security, stability, and dignity," campaign spokesman James Singer added in a statement.

The move, if it became law, would likely raise hundreds of billions of dollars, according to projections from the nonpartisan Congressional Budget Office.