Harris…
Increase the corporate rate to 28 percent. (This amounts to a promise to reduce wages, given what we know about who actually pays the corporate tax. Also, with the average state rate, that’s 32 percent, or the second-highest in the world.)
• Quadruple the stock buyback tax.
• Deny the deduction for all compensation over $1 million for all C corporations.
• Eliminate tax preferences for fossil fuels. (I am all in favor of that, but I would like to see the green-energy tax subsidies go too.)
Individual-tax proposals include:
• Increase the top income-tax rate. (That’s 39.2 percent.)
• Impose a 25 percent minimum tax on those with wealth exceeding $100 million. (More class warfare.)
• Tax capital gains at ordinary rates for households with over $1 million in earnings. (That’s over 44 percent.)
• Tax unrealized gains at death. (Unrealized gains!)
And so on!