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**Trump & Kamala: Pick Your Pocket, Left or Right?**
Trump: "Let's give more money to the rich guys and fancy businesses. They need it, right?" Harris: "Nah, let's make 'em actually pay up. someone's gotta fund my Starbucks habit."
Published October 13, 2024 at 5:02am by
Election 2024: Trump vs. Harris in the Tax Hunger Games
So, another election, another chance for the rich elite to screw us over. This time, we've got former President Donald "The Donald" Trump and Vice President Kamala "Let's Laugh Uncomfortably" Harris at each other's throats. Let's dive into their tax plans, shall we? Spoiler alert: they're both useless.
How do they plan to rob us this time?
Trump wants to give the rich and their corporations a big ol' tax cut. Shocking, right? Meanwhile, Harris wants to raise taxes on those same greedy bastards. But don't worry, they both agree on one thing: screwing over minimum-wage workers by eliminating taxes on tips. Thanks a lot, guys.
How will they pay for their stupid plans?
Trump thinks that if he waves his tiny hands and says "more tariffs and faster business growth!" enough times, it'll magically happen. But most economists are like, "Yeah, no, that's not how any of this works."
Harris, on the other hand, has a more "modest" tax cut package, which means she'll create less debt. But get this—her plan might actually lead to slower economic growth because, you know, raising corporate taxes tends to do that. Who knew?
Let's break down their idiotic plans:
What does Trump want?
- Extend his precious 2017 tax law that gave the rich more money to wipe their tears with.
- Lower the corporate tax rate to 15% for companies that make stuff in 'Murica. Because screw the environment, amirite?
- End taxes on Social Security, tips, and overtime work.
- Bring back the state and local tax deduction, because God forbid the affluent blue states pay their fair share.
What about Harris?
- No tax increases for anyone making less than $400k. So generous.
- Raise taxes on the rich and guilty-feeling liberals. The top rate would go up to 39.6%. Oh, the humanity!
- Expand the child tax credit and eliminate taxes on tips, because why not?
- Raise the corporate tax rate to 28% and quadruple the tax on stock buybacks. Yeah, that'll show 'em.
Who gets screwed and who gets lucky?
Long story short, Trump loves the rich and will do anything to make their lives even better. Harris, though, she wants to stick it to the man and give the poor a leg up. Good luck with that, Kamala.
And the economy?
Both plans suck, but Trump's might suck a little more. His plan could shoot the federal debt higher than Harris', which is saying something. Plus, his wacky tariff ideas might actually hurt the economy more. Go figure.
Harris's plan isn't much better. Sure, it won't add as much debt, but it'll still slow down the economy. Just what we need, right?
Sources (like you care):
- Donald Trump’s 2024 campaign promises
- Kamala Harris’ 2024 campaign promises
- The Fiscal Impact of the Harris and Trump Campaign Plans
- And a bunch of other boring stuff you won't read anyway.
Read more: How Donald Trump and Kamala Harris want to change your taxes