KAMALA’S THREE-HIT PUNCH: Taxes, Energy, Inflation
September 23, 2024
Kamala's economic "vision" for the country is a trifecta of destruction: tax hikes, energy spikes, and inflation bites
Kamala Harris and Tim Walz haven't met tax hike they didn't like — and a Harris-Walz presidency would be a trifecta of tax increases that hit hardworking Americans right where it already hurts.
TAXES
Kamala is pushing the largest tax hike in U.S. history — a multi-trillion-dollar boondoggle that would kill jobs, decrease incomes, and shrink the economy.
- Her plan would raise taxes by as much as $36,000 per family, while her pledge to eliminate President Trump's tax cuts alone would raise taxes by $2,581/person.
- It would also raise taxes on almost 26 million small businesspeople, kill 786,000 American jobs, add trillions to the deficit and national debt, and spike the debt-to-GDP ratio past the record set after WWII.
The true costs are likely much higher. That's what happens when you raise income taxes, business taxes, investment taxes, capital gains taxes, and death taxes — not to mention a new tax on unrealized gains.
ENERGY
Kamala's "NO-GROWTH" energy plan would ultimately be a massive national energy tax.
- Her fracking ban would quadruple household energy bills, double gas prices — costing Americans an extra $618/year in higher energy costs and an extra $5,661/year in higher costs of living, while the average annual household income would decline by more than $5,000/year.
- Her Green New Deal would cost American households an extra $3,900/year in higher utility bills — and as much as $37,000/year in higher household costs.
- Her "net-zero" mandate would make energy even more expensive, while a carbon tax, electric vehicle mandate, and ban on gas-powered vehicles would exponentially add to those costs.
INFLATION
Americans are already paying far higher prices under Kamala thanks to her inflationary spending — and a Harris-Walz presidency would send them much higher:
- Inflation has already cost the average American household an extra $29,202 paying for the higher cost of living since Kamala took office.
- Her excessive spending — such as her Soviet-style price control scheme and her housing plan (that will only drive home prices higher on top of the impossibly high costs of homeownership that already exist) — would make things far, far worse.
If you think four years of Harris-Biden is bad, that's nothing compared to four years of Harris-Walz.