Ej Antoni: Harris’s Tax Plan Is ‘Essentially the Left Hand Not Knowing What the Right Hand Is Doing’
‘She wants to increase marginal tax rates, she wants to increase net investment taxes’
Sep 15, 2024 8:00 AM
By Grabien Staff
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EXCERPT:
ANTONI: "Well, as far as increasing the tax credit to small businesses, let’s not forget she wants to also increase tax rates, she wants to increase marginal tax rates, she wants to increase net investment taxes. So this is essentially the left hand not knowing what the right hand is doing and there’s no reason to believe it wouldn’t be a complete wash for businesses in other words they would not be better off because while they are while less of their income is being taxed it is being taxed at a higher rate."