Here's What Magala Harris's Tax Armegeddon Will Cost You & The U.S Economy

https://www.foxnews.com/opinion/what-kamala-harris-tax-armageddon-cost-you-us-economy

Gov. Tim Walz says a Harris administration would have no place in Americans' bedrooms. But judging by what we know from the Harris tax plan, it would have a bigger place than ever in our wallets and bank accounts.

Harris is proposing a $5 trillion tax increase, the biggest in American history. If passed, it would fundamentally reshape the American economy and the scale in which the government extracts funds from citizens. Her plans include:

Raising the corporate tax rate from 21% to 28%: This 33% tax hike would make American businesses less competitive globally. Combined with state levies, it would make American corporations among the highest taxed in the developed world. The country would return to the bad old days of corporate inversions, where businesses flee offshore to reduce their tax costs."

Economists and common sense say workers and customers pay for such corporate tax hikes because companies are forced to lower wages and increase prices to fund them. More than one million American small businesses file as corporations, so this tax hike wouldn't only hit massive corporations like Google and Apple as the Harris campaign implies."

Raising the capital gains tax rate to match the personal rate: This move would nearly double the capital gains tax rate, creating a huge disincentive to invest in America. Access to credit would further decline, and equity prices that ordinary Americans depend on for their retirement would plummet.

Harris overlooks the good reasons investment income is taxed at a lower rate. For one, it is not indexed to inflation, so investors already face a significant inflation tax on their appreciation. For another, investment income is already taxed at the corporate level, so it deserves to be taxed less when distributed to minimize double taxation."

Allowing the Tax Cuts and Jobs Act to expire: Harris opposes the Tax Cuts and Jobs Act of 2017 and plans to let it expire as scheduled at the end of next year. This would create a massive tax increase for Main Street, which would have to say goodbye to a 20% small business tax deduction, immediate expensing of capital, and lower tax rates."


I don't know about anyone else but from where I'm sitting, if this woman steals the election even through Fraud, America as we once knew it is done and I wish to God the people all hung up on this woman's bubbly personality and feelings would wake the fuck up and see this!! Trump needs to make it his #1 Priority to bury this woman once and for all and treat her EXACTLY like he did Biden, no holds barred and not give 1 giant fuck what the MSM and the Cast of the VIEW have to say about it the following day because THIS is long over do folks..

TRUMP 2024