8/29/2024
If Kamala is elected she would be just a figure head and we would have four more years of Pelosi/Obama – as you all know from the past four. Kamala’s phony scheme purposed by leftists would only continue the Bidenomics to continue reducing our accounts.
Therefore, if you vote for Harris/Obama/Pelosi who can’t even run a lemonade stand – it means our country will continue the down hill trajectory.
They are not moderates – they are Marxists whereby no one owns any thing..
Are you satisfied with what they are doing to the country now and what they have done?
As she stated: WHAT’S YOURS WILL BE MINE!
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ttps://renewedright.com/seniors-nearing-retirement-were-left-red-with-rage-when-they-learned-kamala-harris-devised-this-awful-scheme/?utm_source=decide&utm_medium=email&utm_campaign=rr_2303001563&utm_term=&utm_content
Kamala Harris was supposed to act like a moderate now that she’s the Democrat nominee.
She’s doubling down on her worst left-wing impulses.
And seniors nearing retirement were left red with rage when they learned Kamala Harris devised this awful scheme.
Kamala Harris unveils some of her socialist economic agenda
Vice President Kamala Harris has tried to distance herself from some of the far-left positions she held after entering the Presidential race.
She was a down-the-line socialist when she served in the Senate and ran for President in the 2020 Democrat Primary.
Anonymous statements from her campaign to the press claimed that she no longer supported a government takeover of the healthcare system, banning fracking, or the Green New Deal.
Kamala has kept most of her policy platform under wraps to run on happy vibes with the backing of the media.
She finally released some of her economic agenda, and she is still the same far-left San Francisco Democrat from the 2020 Presidential Primary.
Kamala has vowed to repeal the landmark 2017 Tax Cut and Jobs Act signed into law under former President Donald Trump.
Many of the provisions of the bill are set to expire next year.
One of the changes made permanent to the tax code was lowering the corporate tax rate to 21%.
Harris’ campaign revealed that she wants to raise it to 28% next year.
That jump could have profound implications for Americans’ retirement.
Kamala’s plan to detonate 401(k)s and IRAs
TrendMacro Chief Investment Officer Don Luskin warned that Kamala’s plan to increase the corporate tax rate could cause Americans’ 401(k)s to plunge up to 13%.
“Let’s talk about that 28% corporate tax rate, alright? That’s the big one,” Luskin explained. “First, the Treasury is making more on the corporate tax rate now at today’s 21% rate than it expected to do at the higher pre-Trump tax rate. So you want to cut the deficit? Do not raise corporate taxes.”
Raising the corporate tax rate means companies would be hit with another added expense.
“Number two, corporate taxes are just an expense for companies, they’re a huge expense. Raising the corporate tax from 21% where it is today to 28%, where Kamala Harris wants to put it, is a 33% expense increase,” Luskin continued. “Expenses will go up 33%. That will take 13% off of S&P 500 earnings, that will take 13% off the S&P 500, that will take 13% off your 401(k). Any further questions? Didn’t think so.”
Her plan to dump the Trump tax cuts is bad news for any American saving for retirement.
The supposedly reinvented Kamala confirmed she’s still the same socialist she always was with her economic proposals.
To allegedly lower prices, she proposed having the Federal Trade Commission and other government agencies crack down on nonexistent price gouging by food companies and grocery stores by enforcing price controls.
She got the first major blowback of her campaign for that proposal from some corners of the media and a few voices in the Democrat Party.
Kamala will keep the economic malaise of the Biden-Harris administration going for another four years if she wins in November.
kommonsentsjane
New York Post
