Posted on 08/19/2024 12:42:30 PM PDT by janetjanet998
CHICAGO — Vice President Kamala Harris is calling for raising the corporate tax rate to 28%, her first major proposal to raise revenues and finance expensive plans she wants to pursue as president.
Harris campaign spokesman James Singer told NBC News that she would push for a 28% corporate tax rate, calling it “a fiscally responsible way to put money back in the pockets of working people and ensure billionaires and big corporations pay their fair share.”
Can you say “layoffs”?
Tax, tax, tax, spend, spend, spend, regulate, regulate, regulate. It’s all they know.
F off, f off, f off.
How about “offshore accounts and holdings” as well.
I think Trumps reductions expire in a year or two, so without a move to make them permanent, they go up anyway.
It will make small companies go out of business and stop setting unwanted good examples for the Democrat base of shiftless layabouts - but probably won’t affect big companies much at all.
Progressives really believe there is a magic setting on an economy that if they get the dial in exactly the right place, everything will be perfect.
Everyone of these settings has been tried before.
Trump’s platform commits to making the cuts permanent. The sad thing about leftists & their supporters is how naive they are (or duplicitous). Corporate taxes are passed on to consumers. Inflation 3.0
She’ll let the Trump tax relief expire and your IRS standard deduction will be reduced in half (12K to 6K per person). She’ll increase capital gains, corporate taxes, and death tax, you name it.....she’ll “F” it up.
Just consider this one more reason why grassroots voters detest the GOP establishment.
The Trump tax reform (2018 Tax Cuts and Jobs Act or TCJA) expire December 31, 2025. The corporate tax rate will revert back to 28% on January 1, 2026 if nothing is done.
I’m retired and on a fixed income. Trump’s tax cuts saved me $1,000 in federal tax per year and under Cackles in the WH, that goes away. I can’t afford democrat rule.
clueless, but it’s Kamala again. At least she didn’t rip this idea off from Trump - a true commie proposal.
A while back, when Trump’s tax cuts occurred, we hired in some fine young black engineers to work on a project. We are also unionized, just like Kamala wants. When the tax cuts expire, we will need to lay off people. Because of union rules, the ones with the least seniority will be the ones to get the ax. Guess who are still the least senior?
Harris proposes crashing everyone’s 401K.
Why not 100%?! And for the last time…. Corporations don’t pay taxes!
Wouldn’t that be considered Tax gouging?
Those increased taxes will raise the prices of everything we purchase.
The tax cut is going to expire on its own on December 31, 2025.
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