Tuesday, October 8, 2024

 
Harris's Tax Plan Might be Beneficial

   Differing analysts are coming out of Kamala Harris and Donald Trump's tax plans. One report says Harris' plan will add  $3.5 trillion to the national debt in the next decade while Trump's plan would up the debt by $7.5 trillion.

   The take away there is that both plans result in increasing the national debt. One plan might be better than the other, but they are both bad.

   Then along comes a  report from a nonpartisan congressional analysts saying Harris's plan will not generate the revenue hoped for

   Off top, I favor Harris's proposal to place a 25 percent minimum rate on  capital gains of taxpayers with more than $100 million in assets. It does seem it would cut into the debt. But, if it is accompanied by increased spending,  then it might be one step forward only to fall two steps back.


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