Staff Reports
Kamala Harris is reportedly dusting off one of her old campaign planks: a hefty 28% corporate tax rate. This isn’t just some idea she conjured up on a quiet afternoon; it mirrors President Biden’s brilliantly optimistic 2025 budget proposal – a budget that would make even the most ardent spenders blush. The Democrats are once again on their favorite mission: squeezing corporations for every penny they can, all in the name of holding them “accountable.” Because nothing spells accountability quite like raising taxes and hoping they don’t just pass those costs straight onto consumers.
Thanks to former President Donald Trump, who lowered the corporate tax rate from a staggering 35% down to 21% in 2017, Americans were breathing a little easier. That 14% reduction wasn’t just a gift; it was a game-changer for the economy, allowing corporations to invest back into their businesses and create jobs. Now, Harris and her Democrat buddies are evidently intent on reversing that progress. In their eyes, raising corporate taxes is the best way to ensure everyone – yes, everyone – pays their “fair share.” However, the math here is as fuzzy as a poorly knitted sweater.
#GoKamala #GoTim #CorporateTaxRate#Harris proposes raising the corporate tax rate to 28%, rolling back a Trump law. https://t.co/DaHf2NzRKq
— Friedrich List (@simulator8) August 19, 2024
Behind Harris’s shiny, optimistic rhetoric lies a desire to sweep away taxpayers’ hard-earned money for a laundry list of leftist projects that wouldn’t even make it onto a moderate conservative’s wishlist. Instead of advancing the interests of the middle class, it seems her priority is to jump-start a tax-and-spend bonanza, funded by the very people she claims to support. Meanwhile, her campaign spokesperson is busy spinning tales about how her vision will somehow lead to a brighter economic future, but it’s clear someone misplaced their crystal ball.
As if a potential corporate tax hike wasn’t alarming enough, Harris is digging deeper into her radical plan with ideas that seem better suited for a Soviet-era economics textbook than a functioning democracy. Yes, she’s hinting at implementing price controls to tackle the inflation crisis – the very crisis that was exacerbated by Billions Joe’s reckless spending spree she enthusiastically endorsed. It’s almost poetic how the solution to the catastrophe of overspending is… more government controls, which history shows does not end well.
Even the media, those traditional lapdogs for the Democratic agenda, are sounding the alarm on Harris’s plans. Her approach is drawing criticism across the board, with some voices in the liberal camp recoiling at comparisons to communistic economic handling. Perhaps they don’t want their beloved party so closely associated with ideas that have historically resulted in disaster. There’s little doubt: Harris’s economic agenda may be focused on bringing back a bygone era of tax rates and controls, while all Americans wish she’d just leave the past where it belongs – in the past.
