Vice President Kamala Harris would partially roll back a Trump-era corporate tax cut that has provided major relief to large U.S. companies for years.

The Democratic presidential candidate would work to increase the corporate tax rate from the current 21% to 28%, Harris campaign spokesman James Singer told NBC News on Monday. Singer said the tax rate is “a fiscally responsible way to give money back to working people and make sure billionaires and big corporations pay their fair share.”

Although a 28% corporate tax rate is lower than the one proposed by Harris during her unsuccessful presidential bid four years ago, it is consistent with the Biden administration’s budget plan. suggested in March.

Nor is it a complete repeat of the Trump administration’s 2017 Tax Cuts and Jobs Act, which cut the tax rate from 35% to 21% – a massive cut that was praised by CEOs of all stripes. including Jamie Dimon, CEO of JPMorgan ChaseThe law expires in 2025.

Republican presidential candidate Donald Trump is positioning himself as a Wall Street and business-friendly candidate. Meeting with CEOs of the largest US companies in June, Trump promised to reduce the corporate tax rate to 20%Even if it were only a small decline, every percentage point would mean millions of dollars for companies.

At the June meeting, attended by leading US CEOs such as Dimon, Apple CEO Tim Cook and Jane Fraser of Citigroup, Trump also promised to make the cuts permanent and renew tax breaks for individuals and small businesses.

Although Harris has not fully disclosed her tax policy, much of her economic policy agenda appears to be a Continuation of Biden-era policiesIn her first 100 days in office, Harris has proposed measures that Prohibition of price gouging in food and food retail; expand the housing supply and are pushing Wall Street out of the real estate business; expand the Child tax allowance and give new parents $6,000; and set a cap on the medical costs to be paid.

Other key elements of the White House’s March budget proposal included raising the minimum tax rate on billion-dollar corporations, which would rise from 15% to 21%. The Biden administration’s efforts to get the super-rich to pay their “fair share” also included a proposed 25% minimum tax rate on the richest 0.01% and an increase in the marginal tax rate on the top 1% to 39.6%.