Vice President Kamala Harris’s tax plans would be disastrous for the US economy. She wants to raise individual and corporate taxes, as well as tax unrealized capital gains. Harris and her campaign cloak these proposals in the language of fairness and economic justice. In reality, they will stifle economic progress by killing incentives to save and invest. Punishing production and saving won’t create an “opportunity economy”—unless you work for the Internal Revenue Service.
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