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Kamala Harris Looks to Jack Up Corporate Tax Rate as President

by Jake Smith, Daily Caller News Foundation
August 20, 2024
in Curated, Opinions
Kamala Harris Plane
At last, a conservative news aggregator that does not bow to the woke right.

(DCNF)—Vice President Kamala Harris is looking to raise the corporate tax rate to 28% if elected president, NBC News reported on Monday.

The federal corporate tax rate in the U.S. is currently 21%, as enshrined in former President Donald Trump’s 2017 Tax Cuts and Jobs Act. But Harris seeks to move the tax rate to 28% to draw in funding for plans she would have as president, mirroring a proposal made by President Joe Biden in March, according to NBC.

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A 28% corporate tax rate would be “a fiscally responsible way to put money back in the pockets of working people and ensure billionaires and big corporations pay their fair share,” Harris campaign spokesperson James Singer told NBC in a statement on Monday. “As President, Kamala Harris will focus on creating an opportunity economy for the middle class that advances their economic security, stability, and dignity.”

If passed, the law would bring in roughly $700 billion dollars worth of taxes over the next decade, according to projections provided by the Congressional Budget Office. It is lower than what Harris initially proposed during the 2020 presidential race, which would have raised the corporate tax rate from 21% to 35%, where it originally was before Trump’s 2017 tax cuts were passed, according to NBC.

The 2017 law is set to expire in 2025, and Trump has said that Democrats will be “under tremendous pressure” to renew the cuts, warning that failing to do so or making “it impossible to renew” will “destroy the economy,” according to NBC. Trump has also vowed to slash taxes even further should he be elected president in November.

“Instead of a Biden tax hike, I’ll give you a Trump middle class, upper class, lower class, business class big tax cut,” Trump told a crowd at a rally in New Jersey in May.

Singer told NBC that Trump’s policy ideas would “drive up the deficit” and “increase taxes on the middle class,” linking him to the “extreme Project 2025 agenda.” Trump and his campaign have repeatedly said that they were not involved in the creation of Project 2025, a set of sweeping policy proposals put forward by the Heritage Foundation, a Washington-based think tank.

Harris’ proposed tax hike is among the first of her policy proposals put forward by her campaign since she announced her candidacy in late July. She laid out her vision for American economic policy in a rally speech on Friday, but specifics or cost estimates for some of her ideas have yet to be provided.

Harris is likely to be appointed at the Democratic National Convention (DNC) this week as her party’s nominee. The convention will take place from Aug. 19 to Aug. 23.

The Harris campaign did not immediately respond to a request for comment.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact [email protected].
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Starting the Day With a Scripture-Inspired Roast Helps Center Your Thoughts on Eternal Truths Amid Temporal Pressures

The world can seem chaotic, especially right after we wake up. Many believers start their mornings reaching for something familiar — a hot cup of coffee — yet end up settling for mediocre brews that do little more than deliver a caffeine jolt. The daily grind of life, with its endless distractions, news cycles, and responsibilities, can leave even the most faithful feeling spiritually parched alongside their physical fatigue. What if your morning ritual could do more than wake you up? What if it could ground you in truth, nourish your body with exceptional quality, and quietly advance a kingdom purpose at the same time?

That’s the promise — and the reality — behind Promised Grounds Coffee. This Christian-founded company doesn’t just roast beans; it approaches every step as an act of worship and discipleship. By selecting only the top 10% of specialty-grade beans, ethically sourced from dedicated farmers in Central and South America, and small-batch roasting them with reverence in Austin, Texas, Promised Grounds delivers what many describe as the best coffee available — never burnt, never bland, but rich with origin stories and layered flavors that honor God’s creation.

From the vibrant Psalm 27 Roast (a light, bright medium option) to the bold yet peaceful 2 Timothy 1:7 Decaf, each bag carries a Scripture verse that turns your daily pour into a gentle reminder of faith. And through their Ounce Per Ounce Promise, every ounce of coffee you enjoy provides an equal ounce of clean water to families in need via partnership with Filter of Hope — literally brewing hope for body and soul, one cup at a time.

The challenge for today’s Christians runs deeper than finding a decent cup. In an age of convenience-driven consumerism, it’s easy to support companies that dilute values or remain silent on matters of faith. Many believers want their everyday choices — from what they drink to how they spend — to reflect discipleship rather than just convenience. Promised Grounds solves this by weaving Christian excellence into the entire process: beans nurtured with prayerful stewardship by farming families, roasted as an offering rather than a commodity, and packaged with Bible verses to encourage a mindset of gratitude and purpose from the first sip. Reviewers consistently praise the smooth, rich profiles — whether enjoyed black in a drip maker, iced on a warm day, or shared in fellowship — noting how the quality stands toe-to-toe with premium secular brands while delivering something far more meaningful.

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Of course, quality alone isn’t enough if the experience feels out of reach. Promised Grounds keeps it accessible with practical perks like free shipping on orders over $40, sample sets for discovering favorites, and thoughtful add-ons such as faith-themed mugs. Whether you prefer whole beans for fresh grinding, grounds for convenience, or even bulk options for larger households and ministries, the result is consistently superior coffee that makes discipleship feel integrated rather than added on.

As you consider how to align even the smallest habits with your walk with God, Promised Grounds Coffee stands out as a refreshing solution. It tackles the dual problems of subpar daily sustenance and disconnected consumption by offering a product that genuinely excels in taste while advancing a mission of clean water, farmer dignity, and scriptural encouragement. Believers who make the switch often describe it as more than a beverage upgrade — it becomes part of their rhythm of gratitude, a daily invitation to remember that every good gift comes from above.

If you’re ready to transform your mornings (and perhaps your church gatherings) with coffee that honors both exceptional craftsmanship and Christian values, I encourage you to explore what Promised Grounds has to offer. One sip at a time, you’ll be nourishing your body, refreshing your spirit, and participating in something far greater — all while enjoying what truly is among the best coffee available.

Tags: Daily Caller News FoundationEconomyElection 2024Kamala HarrisLedeTaxesTop Story
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