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Harris says wealthy Americans and corporations will pay higher taxes to finance their economic plans

Vice President Kamala Harris plans to raise taxes on wealthy individuals and large corporations as part of her economic plan if she is elected in November, she said in a new interview.

Since becoming the Democratic Party's official presidential candidate, Harris has announced that she will provide $25,000 in housing subsidies for first-generation homebuyers, introduce $100 billion in manufacturing tax credits, and increase small business tax credits by will increase tenfold.

“My plan is to say that when you invest in small businesses, you invest in the middle class and you strengthen the American economy. “Small businesses are part of the backbone of the American economy,” Harris said in a clip on “60 Minutes” released on . Monday.

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Harris at the rally in Glendale, Arizona

Vice President Kamala Harris made clear Monday that she plans to raise taxes on wealthy individuals and corporations as part of her economic plan if elected in November. (Melina Mara/The Washington Post via Getty Images)

“60 Minutes” correspondent Bill Whitaker reminded Harris that the question was, “How are you going to pay for this?”

Harris was quick to say that wealthy Americans would foot the bill.

“I will ensure that the wealthiest among us, those who can afford it, pay their fair share of taxes,” Harris said.

“It is not right that teachers, nurses and firefighters pay a higher tax rate than billionaires and the largest corporations,” Harris continued. “I plan to make this fair.”

Whitaker responded, “But we’re dealing with the real world here,” and questioned how this plan would get through Congress.

“You know, if you talk quietly to a lot of people in Congress, they know exactly what I'm talking about,” Harris said.

“Because their voters know exactly what I’m talking about,” Harris added. “Your constituents are firefighters, teachers and nurses.”

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Kamala Harris

Vice President Kamala Harris took part in an interview with “60 Minutes” that will air in full on Monday. (Screenshot/CBS)

Harris' opponent, former President Trump, was invited to also appear on “60 Minutes” for the election interview special, but declined.

Last month, Harris last week unveiled new small business tax proposals aimed at reducing the cost burden associated with starting a new business. Proposals included a significant increase in the standard tax deduction for small business start-up costs from $5,000 to $50,000. “It's essentially a tax cut for starting a small business,” the vice president said during a speech announcing the new proposal. “We will help more small businesses and innovators get started.”

Harris has simultaneously expressed support for raising marginal tax rates for both businesses and individuals, as conservative economists argued that would tend to reduce the benefits of increasing the starting deduction tenfold.

In addition to Harris' new small business tax proposals, she also unveiled her capital gains tax plan this week. She wants to increase it to 33%, while Biden is reportedly seeking to nearly double the current rate of 23.8%, the Wall Street Journal reports.

Harris has also proposed increasing government spending to meet families' child care needs and expanding the child tax credit, among other measures.

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Fox News Digital's Alec Schemmel contributed to this report.

By Vanessa

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