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Reply to "Harris tax plan - raising taxes on high earners"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We would be subject to higher taxes. That is ok. [/quote] Regardless of how much you do or don't make, working half of your week to pay the government is [b]not[/b] okay. [/quote] Seriously. It’s like Harris wants to tank economic growth.[/quote] This is my concern. Lower economic growth means less for everyone. Harris's campaign has said she supports Biden's budget proposal. Estimates are that it would decrease GDP by 1.6%, wages by 1.1% and American incomes by 1.3%. These are large decreases. Raising the corporate tax rate factors in heavily. 28% is high on a global comparison basis and would cause corporations to cut employees, reduce wages, or relocate abroad or a combination thereof. [/quote] Are you about to use the phrase "job creators"?[/quote]
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