Posted on 09/11/2024 9:07:27 PM PDT by blueplum
Vice President Kamala Harris’s tax plan would effectively vaporize nearly 800,000 full-time equivalent jobs, according to studies published by the Tax Foundation Tuesday.
Harris’ proposals, including hiking corporate taxes to be among the highest in the developed world, would lower employment by roughly 786,000 full-time equivalent jobs, and reduce long-run gross domestic product (GDP) and wages by 2% and 1.2% respectively, the Tax Foundation found. Meanwhile, Trump’s proposals, including a 60% tariff on China, would lower employment by approximately 387,000 full-time equivalent jobs, lower long-run GDP by 0.2% and increase long-run wages by 0.6%.... '
Trump’s economic plan, including the full suite of tariffs and a repeal of the 2022 Inflation Reduction Act, could increase the federal deficit by $1.3 trillion, while the net effect of Harris’s proposals could increase deficits by anywhere between $1.5 trillion and $2.6 trillion...
(Excerpt) Read more at dailycaller.com ...
I would believe 10 million. One million is ridiculously low.
Her plans to eliminate basis step-up, raise capital gains taxes, and implement taxes on unrealized gains will pulverize the economy and all of our investments.
Ping
Redistribution aka Marxism.
You don’t understand! The previous attempts were all done wrong! This time they will do it right and we will all love happily in utopia!
stolen elections will have consequences AND stupid people never learn.
Harris’ proposals, including hiking corporate taxes to be among the highest in the developed world.
As she would say f**k everything after that it’s the goal ling for spending money on wasteful issues to get a party member elected.
The turn over of 92% of her staff say she loves to use that word a lot.
The US is bankrupt on multiple levels and neither party wing of the regime is going to change that.
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