Trump and Harris Both Favor Tax Hikes That Would Hurt Ordinary Americans
The costs of steep tariffs and a higher corporate income tax extend far beyond the advertised targets.
The costs of steep tariffs and a higher corporate income tax extend far beyond the advertised targets.
Corporate subsidies and regressive tax breaks show who really benefits from Harris' agenda.
As with Trump and his tariffs, Harris appears unwilling to acknowledge the obvious consequences of hiking taxes on businesses.
The New Right talks a big populist game, but their policies hurt the people they're supposed to help.
Despite both presidential candidates touting protectionist trade policy, tariffs do little to address the underlying factors that make it difficult for U.S. manufacturers to compete in the global marketplace.
These handouts will flow to businesses—often big and rich—for projects they would likely have taken on anyway.
The president wants to raise the rate from 21 percent to 28 percent, despite it being well-established that this is the most economically-destructive method to raise government funds.
Over the last several years, they have worked nonstop to ease the tax burden of their high-income constituents.
The higher taxes on small businesses and entrepreneurs could slow growth. Less opportunity means more tribalism and division.
The G Word, a new documentary, only occasionally covers serious issues. But it opts not to do honest reporting.
But it will raise taxes and sic thousands of new IRS agents on American households.
It also spends billions on new green energy programs, and it lets the IRS hire 87,000 new agents.
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Several studies have found that the vast majority of costs incurred by increased corporate taxes are passed along to workers in the form of lower wages.
Delaware figures prominently in Biden's stump speeches for the Build Back Better plan, but he seems to deliberately ignore some key details.
Hundreds of leaders have endorsed a 15 percent global minimum tax to quash countries with lower and simpler taxes.
President Joe Biden apparently thinks it's wrong for corporations to locate their headquarters in low-tax places like Bermuda, Ireland, and Switzerland. Did he learn nothing from living in Delaware?
The plan would make a liar out of Biden on a level reminiscent of George H.W. Bush's betrayal of his "read my lips" tax pledge.
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We don't have a gridlock problem. We have a spending problem.
Even the president's most entrenched political opposition cannot seem to find much to engage or enrage.
It will be no better for taxpayers than oil cartels are for consumers.
And as many as 75 percent of middle income households face a tax increase under Biden's plan, even though the highest-earning households will pay the vast majority of the costs.
Another new Democratic administration, another hollow promise to discover hundreds of billions of unreported tax obligations under the national mattress.
The Biden administration is expending a lot of time and energy to make the country more uncompetitive than ever.
The White House says cracking down on tax cheats will generate $700 billion over 10 years to help offset a $1.8 trillion expansion of welfare programs.
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Tax hikes and growing debt guarantee shared pain in a hobbled economy.
Democrats never miss an opportunity to rail against big corporations. Yet they're eagerly subsidizing their big corporate friends.
Corporations get attacked for not paying taxes in a certain year, but they’re just spreading out their losses.
The president's proposed tax hike would fall on workers. This isn't a controversial point.
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It seems some are just waking up to the size and scope of the president's federal tax plan.
The White House is reportedly considering hiking the corporate income tax to 28 percent and raising individual income taxes on high earners to pay for more federal spending.
Entrepreneurs discouraged by red tape even before COVID-19 need officials to leave them alone.
Understanding the real economic impact of higher taxes.
The tax was actually on much more than initial public offerings of stocks, and likely would have driven the next generation of startups to locate somewhere else.
The new tax won't come close to fulfilling the steep funding needs of Mental Health SF
The Democratic presidential hopeful tweeted that the company pays "a lower tax rate than firefighters and teachers."
To be this wrong this often deserves recognition.
Is it moral to pay higher taxes, even if that hurts employees, consumers, and shareholders? David Brooks seems to thinks so.
The U.S. rose four places in the International Tax Competitiveness Index, and this just the latest bit of good news.
The city attempts to wring more money from its employers rather than fix its housing problems.
Companies are paying bonuses, raising wages, and committing to major new investments. Is this a sign of the tax law's success-or just clever corporate PR?
Anyone who studies economics instead of partisan talking points, for one.
The GOP would be on higher ground if it stood on principle for a tax code that treats everyone the same.
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