According to the Committee for a Responsible Federal Budget, Harris’ proposals will cost $1.95 trillion over 10 years. However, it emphasizes that if certain measures become permanent, this figure could increase to $2.25 trillion.
The Harris campaign has stated that these costs will be offset by a classic excuse of socialism in any election: “higher taxes on corporations and high earners.” This is, obviously, ludicrous, because there is no revenue measure that will cover the already bloated $2 trillion annual deficit and the added $2 trillion from Harris’ proposals.
Increasing the corporate tax to 28% will cripple small businesses and reduce investment, while the large corporations that Harris attacks can move parts of their business to other nations.
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