On a day when Vice President Kamala Harris unveiled a new plan for small businesses, the Democratic nominee also announced a change in her plans to pay for it by saying that the long-term capital gains rate for the ultra-rich should be 28%.

It marked a split with President Joe Biden, who has proposed a rate about ten percentage points higher than that for Americans making over $1 million dollars a year.

The tax pivot from Harris came after a wave of critiques from many business leaders of the Biden-Harris approach to capital gains, which is sometimes described as unworkable and punitive — and likely to dampen innovation.

Wednesday's move from Harris was announced in a speech in North Hampton, N.H., and was part of a larger attempt by the Democratic nominee this week to beef up her business world bona fides.

"My plan will make our tax code more fair while also prioritizing investment and innovation," Harris said in the speech in North Hampton as she tried to outline an approach focused on encouraging innovation and the long-term Biden-Harris priority to make the ultra-rich pay their "fair share."

"We know when the government encourages investment, it leads to broad-based economic growth, and it creates jobs which makes our economy stronger," Harris added Wednesday.