Fox Business host Charles Payne warned in an interview on Tuesday that Vice President Kamala Harris' proposed corporate tax hikes would cost American workers jobs.
Harris would raise the corporate tax rate from 21% to 28%, which is similar to a White House proposal put forward on March 7. Fact SheetNBC News ReportedPayne told Fox News host Harris Faulkner that the vice president's proposal is not based on sound economics. (Related article: “Inflation is their doing”: Charles Payne slams Harris for misleading voters with her economic record)
“Let's compare those two things. On the one hand, supermarkets with 2% profits are greedy, but the federal government raising corporate taxes from 21% to 28% is a drag. So let's think for a second and put this all in perspective. I think, as you say, Kamala Harris' policies, or the policies she actually proposes, if elected, will go even further than this, because she has publicly stated that she wants to raise corporate taxes into the 30% range,” Payne said. “The problem is that over the last decade or so, the rest of the organized world, the other developed countries, have all become less competitive on a global scale.”
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'It's something that will hurt us': Charles Payne says Kamala's proposed corporate tax increases will 'make life harder for working people' pic.twitter.com/x4N6pCtAHo
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“This hurts us, our businesses, our workers, right? And you have to understand that they're inextricably linked, it's not one against the other,” Payne continued. “There's a narrative going around that if she goes to war with American businesses, workers' lives will be better. No, workers' lives will be worse because there will be fewer jobs. They're inextricably linked, and that's why America has risen to the top of the world. We're a very young country, but we have the number one economy on the entire planet, and we want to stay there.”
Harris Suggested The Federal Trade Commission will allow “severe penalties” for “price gouging” in grocery stores on Friday speech On North Carolina's economic policy: The Biden administration has been fighting the merger of grocery store companies Kroger and Albertsons in court.
“But really, all of this isn't rooted in economics, it's rooted in past notions of righting past wrongs,” Payne said. “This has nothing to do with politics and everything to do with big government going out and righting all the wrongs that have happened in the United States.”
Since Harris and President Joe Biden took office in January 2021, the Consumer Price Index (CPI) has increased by more than 20%. Reach The most recent high in June 2022 was 9%. (Related: 'They're shoving words in my mouth': Hakeem Jeffries fires back at CNBC host for questioning Democrats' role in inflation)
“You know, people are getting hit really hard right now. I mean, this is a really bad time. The economic data doesn't really reflect much of it. Economists aren't being honest about what's going on. They're wrestling with who's to blame, who has the answers,” Payne said when Faulkner asked why Americans “accept” tough economic times. “What Harris has been somewhat successful at so far is disassociating herself from her policies — repackaging. But the more she talks and the more she puts things out there, the more we see she hasn't changed. And I think people are going to see who's responsible for my suffering, who put me in this position, and I want to empower them more.”
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