FACT CHECK: The Costs Of Kamala Harris | News | Donald J. TrumpTEXT TRUMP TO 88022Skip to main contentContributeShopPlatformNewsEventsGet InvolvedTrump Force 47Protect The VoteContributeShopBack to NewsFACT CHECK: The Costs Of Kamala HarrisSeptember 10, 2024FacebookTwitterUnder Kamala Harris, prices across the board are way up — but that's only the beginning of the exponential increases in costs Americans would face in a Kamala presidency. Kamala's budget proposal includes a $4.9 trillion tax hike — the largest in history.That's equivalent to a $36,000 tax hike per family.It would shrink the economy by 1.6%, lower wages by 1.1%, and kill almost 700,000 jobs.It would increase the national debt to $52 trillion by 2034 and the debt-to-GDP ratio would surpass the record set after WWII.Kamala's plan to raise the corporate tax rate to 28% (higher than communist China) would effectively be a $1.4 trillion tax hike on Americans.It would kill 125,000 jobs, lower wages, and shrink the economy.The combined federal-state tax rate would easily exceed 30%.Economists say American workers bear as much as 70% of corporate taxes, while also seeing a decline in real wages.Kamala's proposed capital gains tax hike — 28%, more than communist China — would be the largest capital gains tax hike since 1978.The combined federal-state capital gains tax rate would exceed 50% in many states.Kamala's so-called housing "assistance" plan would only worsen the affordability crisis by squeezing demand and causing home prices to rise even more, according to economists.It would cost $200 billion over four years, with the tax credit portion — a boon for illegal aliens — costing $100 billion alone. In fact, the Penn Wharton Budget Model estimates this tax credit would cost $138 billion over 10 years.Those numbers don't even begin to include the devastating effects of Kamala's fracking ban, mass amnesty for millions of illegals, electric vehicle mandate, and other far-left policies she would attempt to ram through upon taking office. Americans can't afford Kamala now — and they certainly can't afford her proposals.Join Our MovementEmail *Zip * Follow UsGo to Truth Social PageGo to Rumble PageGo to Twitter PagePaid for by Donald J Trump for President 2024, Inc.Privacy PolicyTerms & ConditionsPressCareersPowered by NucleusThe appearance of U.S. Department of Defense personnel or other visual information does not imply or constitute DoD endorsement.$20.24$47$100$250$500OTHERpopup2I'll never stopFighting for you!Contribute Today:Contribute Today:$20.24$47$100$250$500OTHERpopup2
