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From Fox News: Vice President Kamala Harris would work to raise the corporate tax rate to 28%, the Harris campaign has confirmed to Fox News.
“As President, Kamala Harris will focus on creating an opportunity economy for the middle class that advances their economic security, stability, and dignity,” the campaign said in a statement. Unlike Donald Trump, whose extreme Project 2025 agenda would drive up the deficit, increase taxes on the middle class by $3,900, and send our economy spiraling into recession – her plan is a fiscally responsible way to put money back in the pockets of working people and ensure billionaires and big corporations pay their fair share.”
The federal corporate tax rate was lowered as part of former President Donald Trump’s signature tax legislation in 2017, which saw the rate fall from 35% to 21%.
Contrary to the Harris campaign claim, former President Donald Trump is NOT associated with the “Project 2025 agenda” and has disowned it.
USA Today debunked the false claims that Trump is behind Project 2025 last month.
Instead, the suggested agenda was put forth by The Heritage Foundation, a conservative “think tank” group.
Even the liberal CNN has published a “fact check” calling out Harris’s false claims about the Project 2025 agenda.
FACT CHECK: Project 2025 is an effort by the Heritage Foundation, not Donald Trumphttps://t.co/WxLYdDuyr2
— RNC Research (@RNCResearch) July 11, 2024
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