What businesses can expect in a Kamala Harris presidency

Julian Zelizer : Kamala Harris's first speech outlining her economic policies did not bode well for business.

He says in endorsement letter signed by 90 prominent business figures shows her predictability, compared with her erratic opponent.

But CEOs can't be thrilled by Harris ’s robustious promotion of higher taxes for richly paid individuals like themselves.

Julian Zelizer : Hillary Clinton's plan to raise taxes by $5 trillion over the next decade would be tough to enact in full.

He says she favors a 28% rate on capital gains and a tax on stock buybacks.

She also endorses Biden ’s proposed tax on unrealized capital gains for individuals with a net worth of over $100 million .

Zelizer says she wants to end housing shortage by building 3 million new homes and rentals.

Harris 's plan includes a $ 25,000 tax break to help first -time homebuyers with the down payment on a new home.

Economists have quickly noted that the subsidy would increase demand and could push home prices up.

The looming debt crisis would be a massive problem in a Harris presidency.