Yesterday we learned that Vice President Kamala Harris is calling for raising the corporate tax rate to 28%. As my representative I want you to know that I support this policy proposal and I expect you to as well.
To quote NBC, “if enacted, the policy would raise hundreds of billions of dollars, as the nonpartisan Congressional Budget Office has projected that 1 percentage point increases in the corporate rate corresponds to about $100 billion over a decade. It would also roll back a big part of former President Donald Trump’s signature legislation in 2017 as president, which slashed the corporate tax rate from 35% to 21%.” Good! Trump’s tax cuts added trillions to the national debt and did nothing to stimulate the economy. As for job creation? It plummeted under Trump. “Trickle down economics” is and always has been a disaster for our economy. It’s time to stop pretending otherwise.
We must, must, must start charging billionaires their fair share, and I support VP Harris’s plan to do so. I will be watching closely to make sure that the people who represent me feel the same way and vote accordingly. Thanks.
