If you want more cash in your pocket and a boost to the economy with tax cuts, then Donald Trump is definitely your man.

No one is more eager to cut taxes than Trump.

Definitely not Kamala Harris; will make you pay your “fair share” – repeatedly.

Look at their plans.

To start, Trump would make cuts to individual income and property taxes. Tax Cuts and Jobs Act of 2017 permanent.

The law expires in 2025, meaning an immediate tax increase of nearly $5 trillion without any action. Ahh!

Recall that the TCJA lowered tax rates not just for the wealthy (as the left falsely claims) but also for households. at every income levelAccording to the Tax Foundation.

Meanwhile, lowering the corporate income tax rate to just 21% helped boost the economy.

Trump also:

• Eliminate the $10,000 limit on state and local tax deductions (especially benefiting heavily taxed New Yorkers).
• Reduce the corporate tax rate by another percentage point to 20%, and for domestic production to 15%.
• Make Social Security payments, overtime pay, and income form tips tax-free.
• Create an itemized deduction for auto loan interest.

True, Trump has talked about imposing tariffs on imports, and some of those could be passed on to U.S. consumers as well.

But the former prez hopes to use them to spur U.S. employment and counter tariffs on U.S. exports abroad.

This could lead to new trade agreements that would benefit Americans.

Meanwhile, Harris is becoming a bit of a champion lift up We hope to meet or exceed President Biden’s plan to raise taxes by $5 trillion over 10 years.

Mothered in TCJA and SALT cut but he claims that he will make the rich pay their “fair share”; This clearly means tax increases.

For the record, after the Trump deductions took full effect, the top 1% of filers earned 26% of total adjusted gross income in 2021, but their federal income taxes were 46%, according to the National Taxpayers Union Foundation. He collected his

The bottom 50% of earners paid only 2%.

Yet Harris criticizes even the rich (and others) More.

And some of their plans are downright radical.

For example, it would impose a capital gains tax for the first time in history. unrealized “Revenue” is over $5 million.

This would be a major blow to the economy, as noted by the few countries that have tried similar programs.

Harris would also raise the top individual income tax rate to 39.6%, the capital gains tax rate to 28%, and the Medicare tax to 2.1%.

Perhaps its biggest blow to the economy: raising the corporate tax rate to 28% and the alternative minimum corporate tax to 15%.

This would make U.S. business taxes the second highest among all OECD countries and show companies that they are better off doing business abroad.

Hmm: What is its purpose; Making America Last Again?

No wonder the Tax Foundation found that its proposals would reduce Gross Domestic Product by 2%, wages by 1.2% and employment by 786,000 full-time equivalent jobs in the long run.

It will also make it harder to address runaway deficits — and you can bet federal spending will swell the red ink under Harris as it did under President Biden. even more.

Say hello to inflation once again.

Trump’s plan is just the opposite. increase long-term GDP increased by 0.8%, wages increased by 0.8%, and employment increased by 597,000 FTE jobs.

Bottom line: If you like high taxes, a shrinking economy, out-of-control federal deficits and inflation, Kamala Harris will be a hit.

But for lower taxes, a growing economy, and more globally competitive U.S. businesses, there’s only one option: Donald Trump.