Harris Vows to Kill Job-Creating GOP Tax Cuts If Elected Despite Economic Boom: ‘Get Rid of the Whole Thing’

Kamala Harris
Mason Trinca/Getty Images

Senator Kamala Harris (D-Calif.) vowed to repeal the 2017 Republican-led tax cuts if she becomes president, despite the booming economy.

Last week, economic reports showed unemployment at a 49-year low, wages rising, and job creation soaring for the month of April. Many Republicans pointed to the economic leadership of President Donald Trump, his efforts to cut back business regulations and the passage of the 2017 Tax Cuts and Jobs Act.

While the Tax Cuts and Jobs Act seems to have hit the gas on the record-breakingly slow economic recovery of the Obama administration, Harris wants to see a full repeal of the policy.

During a campaign event Monday night, Harris told the crowd she wants to “get rid of the whole thing.” According to the report from Bloomberg, Harris said the repeal would be a top priority if she takes the keys to the Oval Office from President Trump in 2020.

“On day one, we’re going to repeal that tax bill that benefited the top 1 percent and corporations,” Harris said. Instead, she would implement the LIFT Act, a bill currently in Congress that would reimplement the corporate taxes Trump repealed in return for an increase on the income tax credit for middle-earners.

Watch her comments below:

While Harris’ plan aims to benefit the average working American, signs show Trump’s economic strategy is already doing that. Much to the chagrin of the New York Times, the Trump tax cuts resulted in a tax cut for most Americans, lowering the amount most families paid.

Additionally, more Americans found employment, saw their wages rise, and received bonuses because of the tax cuts’ impact on the economy as a whole.

Harris’ plan to saddle businesses with a higher tax burden by repealing the Tax Cuts and Jobs Act could slow this economic boom and hurt the American economy, according to a report by the White House Council of Economic Advisors.

While Harris may think that the tax cuts were bad for the American people because their tax returns were smaller, she may want to take a closer look at the real impacts of letting businesses drive the economy instead of the government.

What do you think?

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Taxed
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More us/them politics, railing against a tax cut for corporate Them while ignoring the new jobs it created for Us. Speaking of government and corporations, anybody up for a game of “Who Spent It Better?”

TOM
Member

“While Harris may think that the tax cuts were bad for the American people because their tax returns were smaller, “. 1st thing here is that Harrass does not think. 2nd thing is that your goal should be owe no taxes and get no refund at the end of the year. 3rd thing is that you should do your taxes on the 2017 1040 form and compare what your total taxes would have been with out the TCJA. This of course assumes that you are smart enough to do your own taxes. (cont)

banstan
Member

You would think that, at some point, somebody, ANYBODY close to these moronic dims would let them know just how stupid they sound to average people with fully functioning brains. Never gonna happen, though. They STILL think hilliarly won the election.

Screwtape
Member

Blah, blah, blah. More unsustainable fantasies built on the ruination of others.

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