progressive tax

The financial markets that California’s progressive tax structure is dependent on shot up in response before bouncing up and down the rest of the week.

In 2017, while a senator, Ms Harris supported a number of progressive tax programmes, co-sponsoring a bill with Bernie Sanders to expand social security for the elderly by increasing the tax rate on investments.

“How we do that is a more difficult and challenging conversation. And the volatility is foundational in terms of the tax system we have — the progressive tax system.”

State budgeting is a guessing game, particularly in California, where a progressive tax system means the state gets the bulk of its tax collections from rich people.

Studies have shown that countries and states with progressive tax systems and robust safety nets are the healthiest places to live.