Harris’ Communism Unfolds, By Charles Taylor (Florida)
After proclaiming that a Kamala Harris presidency would install Soviet-era style price control, and seize patents (which was left unexplained), she moved on to proposing to increase the corporate tax rate from 21 percent to 28 percent. This was to ensure that corporations pay their "fair share." That might sound seductive to those individuals facing each year the tax burden. But, the reality of the present globalised capitalist economy is that the corporations which she wishes to target, will simply go offshore to other countries. That is just the reality of things. But for a communist mind set, these sorts of proposals are considered because of the countless billions needed to finance woke agendas, with woke women, woke illegals migrants, and all other "cool" groups who have an endless thirst for government handouts.
One thing is sure, that a Harris regime will be the last for America, as the nation which is already decaying, will finally collapse into a heap, and the Mad Max world will begin, as is happening in many major cities such as Baltimore.
"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.
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.
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."
And he signalled that he would aim to use tariffs against competitors and allies alike by pushing for legislation called the Trump Reciprocal Trade Act.
But the Harris campaign says Trump's proposed tariffs on overseas goods "would punish middle and working class Americans, so he can cut taxes for the richest Americans."
Portions of the Trump tax cuts sunset at the end of 2025, which will spur a major debate next year over what parts should be extended.
Trump campaign senior adviser Jason Miller pointed to the Harris proposal in a social media post, writing, "[B]ye-bye economic growth, new hirings, investment, expansion, onshoring, and so much more!"
The new stance by Harris aligns her with the most recent federal budget proposal by President Biden, which also proposes boosting the corporate tax rate to 28%."
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