Harris Pushes for Corporate Tax Hike at Democratic National Convention

As the Democratic National Convention kicked off on Monday, Vice President Kamala 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 says that the vice president is proposing to raise the rate 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 spokesman James Singer added in a statement.

The Corporate Tax Hike: A Comedy of Economic Errors

Oh boy, here we go again! It seems the Democrats have dusted off their trusty “tax and spend” playbook. Harris’s proposal to hike corporate taxes is about as fresh as a week-old sandwich left in the sun. Let’s break down this economic farce, shall we?

Harris claims this move would “put money back in the pockets of working people.” Sure, and I’ve got a bridge in Brooklyn to sell you! Let’s remember how well high corporate taxes worked for the economy during the Obama years – about as well as a screen door on a submarine.

The Real Economic Impact: Jobs, Growth, and Common Sense

While Harris dreams of Robin Hood economics, let’s look at some cold, hard facts:

But why let facts get in the way of a good narrative, right? Harris seems to think that businesses are just giant piggy banks waiting to be cracked open. News flash: when you squeeze businesses, they don’t magically produce more jobs – they cut them!

Harris vs. Trump: A Tale of Two Economic Visions

On one side, we have Harris, proposing to undo the very policies that led to historic economic growth. On the other, we have Trump, who’s promising to cut taxes even further. It’s like choosing between a root canal and a day at the beach – not a tough call for most folks!

Trump’s statement at a campaign event in York, Pennsylvania, says it all: “Our plan will massively cut taxes. I gave you the best tax cut in history.” And unlike some politicians we could name, Trump has a track record of delivering on his economic promises.

Democrat Logic: If It Ain’t Broke, Break It!

The Harris campaign charges that Trump’s proposed tariffs “would punish middle and working class Americans.” This coming from the same folks who think jacking up corporate taxes won’t affect workers. It’s like they’re playing economic Jenga, trying to see how many pieces they can pull out before the whole thing collapses!

Jason Miller, Trump campaign senior adviser, hit the nail on the head with his social media post: “bye-bye economic growth, new hirings, investment, expansion, onshoring, and so much more!” But hey, who needs jobs when you can have… um… higher taxes?

The Harris-Biden Tax Hike Tango

It’s no surprise that Harris’s proposal aligns with Biden’s recent budget proposal. It’s like they’re in a competition to see who can propose the most growth-stunting policies. At this rate, they’ll be suggesting we go back to bartering chickens for healthcare!

The Voice of Reason: Republican Response

Alex Castellanos, a veteran Republican consultant and strategist, summed it up perfectly: “She does not need the spotlight on her or her policies. She’s been two sides of too many issues. And if she supports raising the corporate tax, that’s a job killer. You don’t need to hurt working people directly. All you need to do is hurt the companies working people work for.”

It’s almost as if… wait for it… Republicans understand how the economy actually works! Shocking, I know.

Conclusion: The Tax and Spend Merry-Go-Round

As the 2024 election approaches, voters face a clear choice: continue with the proven success of pro-growth, low-tax policies, or jump aboard the Harris-Biden express to higher taxes and slower growth. It’s like choosing between a steak dinner and a plate of Brussels sprouts – sure, some might prefer the latter, but most of us know what’s really satisfying.

In the end, Harris’s tax hike proposal is just another verse in the same old Democrat song – “Tax More, Spend More, Grow Less.” It’s a tune that’s gotten pretty old, and most Americans are ready for a new playlist.