Commie-La Will Raise Corporate Tax Rate to 45%, Highest in History

They’re taking it all. “Don’t forget estate taxes and inflation”

Kamala Harris just endorsed Biden’s capital gains tax proposal for her campaign…

45% long-term capital gains tax.
By far the highest in history.

Combined with state taxes, many states will be well over 50%. Another insane policy. pic.twitter.com/kA5Kc5MVnz

— Geiger Capital (@Geiger_Capital) August 20, 2024

Kamala Harris has endorsed a tax on unrealized capital gains.

In other words, if you buy a Bitcoin at $50,000 and it goes up to $70,000 but you don’t cash out the Bitcoin… you still owe tax on the $20,000 capital gains.

This is INSANITY. She cannot win. There will be no…

— Joey Mannarino (@JoeyMannarinoUS) August 20, 2024

Don’t forget estate taxes and inflation.

They’re taking it all. https://t.co/j0pl4Pww29

— Scott Adams (@ScottAdamsSays) August 20, 2024

Harris would make the U.S. corporate tax rate higher than China’s (25%)

She wants to tax job creators at a higher rate than Chinese communists do.

Who do you think will pay for the tax increase? Do you suppose maybe it’s passed on to consumers like always?

Harris is dangerous. https://t.co/RTwH2R0t4U

— Tim Murtaugh (@TimMurtaugh) August 20, 2024

arris proposes major corporate tax hike, reversing Trump era cuts

By: Paul Steinhauser By Paul Steinhauser, Patrick Ward, Fox News, August 19, 2024:

RealClearPolitics President Tom Bevan and Purple Strategies co-founder Alex Castellanos join ‘The Story’ to discuss the 2024 presidential race as the DNC kicks off in Chicago.

CHICAGO — As the Democratic National Convention kicked off on Monday, Vice President Harris called for upping the corporate tax rate as the party’s presidential nominee unveiled her first big ticket proposal to raise revenues.

The Harris campaign confirmed to Fox News that the vice president is proposing to raise the rate that major businesses pay from 21% to 28%, describing it as “a fiscally responsible way to put money back in the pockets of working people and ensure billionaires and big corporations pay their fair share.”

“As President, Kamala Harris will focus on creating an opportunity economy for the middle class that advances their economic security, stability, and dignity,” campaign spokesperson James Singer said in a statement.

TRUMP, VANCE, HIT KEY BATTLEGROUND STATES THIS WEEK TO COUNTER-PROGRAM DEMOCRATS’ CONVENTION
Kamala Harris economic speech

Democrat presidential nominee Vice President Harris speaks at the Hendrick Center for Automotive Excellence on the Scott Northern Wake Campus of Wake Tech Community College in Raleigh, N.C., on Aug. 16, 2024. (Allison Joyce/AFP via Getty Images)

The move, if it were to become law, would likely raise hundreds of billions of dollars, according to projections from the nonpartisan Congressional Budget Office.

The announcement comes as Harris is beginning to offer details on how she’d govern if she is elected president and how she would try to pay for expensive ideas she proposed last week, including expanding the child tax credit and easing the cost of homeownership and lowering medical debt.

HARRIS, TRUMP HOLD DUELING RALLIES IN BIGGEST OF THE BATTLEGROUNDS

The announcement would also constitute a major rollback of the 2017 tax cuts, the signature domestic legislation passed during former President Trump’s administration that dramatically cut the corporate tax rate from 35% to 21%.

Trump has pledged to cut taxes if he returns to the White House.

“Our plan will massively cut taxes,” Trump said at a campaign event on Monday at a factory in York, Pennsylvania. “I gave you the best tax cut in history.”