Harris’s Economic Plan Is Bidenomics II
The Vice President lays out 82 pages of more spending, more taxes, more regulation, more government.
Swing voters say they don’t know enough about Kamala Harris’s economic plans. Voila, her campaign on Wednesday released an 82-page “New Way Forward” document. Did her campaign ask ChatGPT to describe her progressive policies in moderate rhetoric using the verbiage of free-market economists?
“I’m a capitalist,” she declared on Wednesday as she promised to “seek practical solutions to problems.” Yet any inspection of the details shows she‘s offering the same policies as Mr. Biden, only more so. Here’s a cheat-sheet:
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•Higher taxes to make “corporations and the wealthiest Americans pay their fair share.” Without defining “fair,” she endorses the $5 trillion in tax hikes in Mr. Biden’s budget, including a 25% tax on the unrealized capital gains on top earners. As far as we can tell, she differs from the President only in calling for a 33% top capital gains rate instead of 44.6%. She calls these “commonsense tax reforms,” though they’d be the biggest tax hike in history.
