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Tags: capital | gains | vance
OPINION

Kamala's Playbook All About Social Agendas, Not the Economy

united states election year politics for presidency

U.S. Vice President Kamala Harris following a meeting with Israeli Prime Minister Benjamin Netanyahu in the vice president's ceremonial office at the Eisenhower Executive Office Building - Washington, D.C. - July 25, 2024. (Roberto Schmidt/AFP via Getty Images)

Dick Morris By Tuesday, 30 July 2024 11:44 AM EDT Current | Bio | Archive

Candidate Kamala Harris is busy promoting Biden’s plan to weaken the United States Supreme Court.

She regularly attacks JD Vance’s views on childless women.

She stridently articulates her support for abortion and regularly emphasizes her commitment to Diversity, Equity, and Inlusion (DEI).

But where is Vice President Harris on the economy?

We don’t hear any plans from her to revive the U.S. economy despite reports that our national debt has just reached $35 trillion.

The economy is almost entirely absent from Kamala’s playbook.

She wants to hike the corporate tax rate to 35%, up from its current 21%, but, beyond this profoundly destructive plan, we hear nothing about how she plans to reduce inflation.

You can’t win a national election through social issues.

No matter her views on childless women, she never talks about inflation, which rose 9% in her first year as vice-president and has not come back down since.

Nothing could be more obvious than that the Biden-Harris administration caused inflation to rise from less than two percent under Donald Trump, egged on by Harris’ San Francisco radical programs.

Yet all we hear from Harris is how she wants to cut oil production by banning fracking and off-shore drilling.

Where are her pro-growth policies?!

Harris also proposes to further burden taxpayers by making them pay for capital gains on their real property holdings even if they are not sold.

We are all accustomed to paying capital gains tax when we sell our homes.

But that’s OK because we just have to set aside some of our profits to pay the tax.

But Harris wants to tax what she calls "unrealized capital gains."

Translation: She wants to tax what you would make if you sold your home, which you don’t plan to do. She wants to tax potential income from your property.

How are you supposed to pay that tax with no proceeds coming in?

Just dig into your savings!

Kamla Harris can't be allowed to smuggle in the most radical tax plans while she spends her time debating social issues.

Dick Morris is a former presidential adviser and political strategist. He is a regular contributor to Newsmax TV. Read Dick Morris' Reports — More Here.

© 2024 Newsmax. All rights reserved.


Morris
Kamla Harris can't be allowed to smuggle in the most radical tax plans while she spends her time debating social issues.
capital, gains, vance
367
2024-44-30
Tuesday, 30 July 2024 11:44 AM
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