Can Wall St. Help Harris Win Pennsylvania?
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### Kamala Harris Gains Business Sector Support Amid Presidential Run
Vice President Kamala Harris has rapidly become a formidable contender in the presidential race, notably surpassing fundraising expectations. This success is largely attributed to her ability to engage business donors who remain indifferent towards President Biden.
Harris has actively addressed corporate America's priorities, including making a notable tax policy pledge that aligns with business interests. A critical question remains whether this expanding support from Wall Street will secure Harris a win in pivotal swing states like Pennsylvania. The race remains close, despite robust economic growth and a record-high stock market.
Harris is actively countering portrayals by opponents of her as an economic radical through outreach to influential business leaders, including efforts led by her brother-in-law, Tony West, Uber's chief legal officer. This engagement has included discussions with figures like Mark Cuban about enhancing artificial intelligence initiatives.
During her campaign, Harris has signaled a less aggressive stance on antitrust enforcement and adopted a more conciliatory approach towards the cryptocurrency sector. Proposals include a more modest increase in corporate tax rates compared to Biden's suggestions and opposition to taxing unrealized investment gains, which have been unpopular with Wall Street.
Harris has additionally supported the concept of extending tax benefits to companies facilitating employee ownership, an idea championed by a major financial executive. Business donors perceive these positions as indicative of her potential governing philosophy, aligning with their preferences for economic policy.