Harris' Corporate Tax Hike Plan: A Threat to American Prosperity
In a move that threatens to undermine American economic growth and job creation, Vice President Kamala Harris has unveiled a misguided plan to dramatically increase the corporate tax rate from 21% to 28%. This proposal, eerily reminiscent of the Biden administration's failed economic policies, demonstrates a fundamental misunderstanding of what drives our nation's economic engine.
Harris' campaign, predictably, frames this tax hike as a way to "put money back in the pockets of working people." However, this tired rhetoric ignores the basic economic principle that corporations don't ultimately bear the burden of corporate taxes – workers and consumers do.
The Vice President seems to have conveniently forgotten the economic boom that followed the Tax Cuts and Jobs Act of 2017, which slashed the corporate rate from a burdensome 35% to a more competitive 21%. This reduction spurred investment, job creation, and wage growth. Now, Harris wants to turn back the clock on this progress.
Biden’s last disaster [Full Story >>]
Even more concerning is the potential impact of this ill-conceived policy. The nonpartisan Tax Foundation's analysis paints a grim picture: a 0.6% reduction in long-run GDP, a 1.1% decrease in capital stock, a 0.5% cut in wages, and the loss of 128,000 full-time equivalent jobs. Is this really the "working people first" approach that Harris claims to champion?
Moreover, at a time when American businesses are already struggling with inflation and regulatory burdens, Harris' plan would push our corporate tax rate well above the global average of 23.45%. This would severely hamper our nation's competitiveness on the world stage and potentially drive businesses – and jobs – overseas.
Perhaps most alarming is that this corporate tax hike is just one piece of Harris' broader economic agenda, which the Committee for a Responsible Federal Budget estimates could cost American taxpayers up to $2 trillion over a decade. This reckless spending spree, coupled with growth-killing tax hikes, is a recipe for economic disaster.
As America faces uncertain economic times, we need policies that encourage investment, innovation, and job creation – not outdated, big-government approaches that stifle growth and punish success. Harris' corporate tax hike plan is not just misguided; it's a direct threat to American prosperity and the financial well-being of the very workers it claims to help.
YOU MIGHT WANT TO READ THIS NEXT
The Biden/Harris War on Your Retirement Savings
While the ruling elite have long used tax loopholes to avoid paying their fair share...
President Biden and Kamala Harris have unleashed an $80 billion IRS enforcement army of 87,000+ auditors in conjunction with artificial intelligence to aggressively target hard-working Americans' nest eggs.
This is just the latest salvo in their decades-long assault on retirees:
In 1983, they voted to tax 50% of Social Security benefits
In 1993, they raised it even higher to an 85% tax
Now they're pushing a $4.7 trillion tax hike that could demolish retirement investments
Make no mistake - this is a covert war being waged against your golden years.
But in a rare moment of oversight…
A critical IRS loophole was left open that can shield your life's savings from their grasp.
Thanks to this 100% legal provision, you can execute a seamless transfer of your IRA, 401(k), pension, and other traditional retirement accounts into more stable, private asset classes.
Best of all, you can safeguard 100% of your nest egg's value - tax and penalty free.
This genius loophole was designed to protect retirement wealth from interest rate risks, geopolitical turmoil, market volatility, and yes - overreaching government powers.
Don't let your life's hard work be plundered by bureaucrats!
Get this urgent Wealth Protection Guide now to learn the simple opt-out process.
Simply claim your free, no-strings-attached copy below while you still can.
>>Get Your Free WEALTH PROTECTION GUIDE<<
