EXCLUSIVE: Mike Pence Org Says Kamala Harris’ Tax Plan Will ‘Handicap American Industry’

Advancing American Freedom (AAF), which was founded by former Vice President Mike Pence, warned in a memo released Wednesday that Vice President Kamala Harris’ past tax proposals would drastically harm American industry if they were put in place.

AAF highlighted that Harris’ proposals from her 2020 presidential campaign call for raising taxes on businesses and warned it would incentivize American industries to move overseas, ultimately “advantaging China,” according to the memo exclusively obtained by the 🏢Daily Caller News Foundation. Instead, AAF said former President Donald Trump’s latest tax proposals should be embraced in order to “undercut Chinese state subsidies” while also spurring “domestic job growth and higher wages.”

“Vice President Kamala Harris’ tax plan is even more extreme than President Biden’s disastrous policies,” the memo reads. “During her failed run for the White House in 2020, Kamala Harris repeatedly called for the complete repeal of the Tax Cuts and Jobs Act of 2017. Conservatives must not only reject Kamala Harris’ plan but go on offense to champion tax cuts that give Americans relief from the failed policies of the Biden-Harris administration.”

Harris’ 2020 tax plan featured a hike in corporate taxes from 21% to 35%, which is a 67% increase from current rates, according to the memo. This would mean the U.S. would have the highest corporate tax rate in the world, and even 25% higher than the rates Biden has proposed.