HARRIS' ECONOMY
the
REALITY
OF
OVERALL PRICES
HIGHER THAN IN Jan. 2021
SINCE KAMALA HARRIS AND JOE BIDEN TOOK OFFICE:
FOOD UP 21.3%
GAS
UP 55.5%
RENT UP 21.3%
PRICES FOR NUMEROUS GOODS AND SERVICES SURGED BETWEEN JAN. 2021 AND MAR. 2024
IN THE LAST BUDGET, KAMALA HARRIS AND JOE BIDEN PROPOSED RAISING THE TOP INDIVIDUAL TAX RATE FROM 37% TO 39.6% — WHAT THE RATE WAS BEFORE THE 2017 TAX CUTS.
INFLATION
TRUMP V HARRIS
INFLATION REACHED
AS HIGH AS
9.1%
UNDER KAMALA HARRIS AND JOE BIDEN.
TRUMP | BIDEN
REPORTER:
"How long should Americans expect — how long should we be bracing for — this historic inflation and some unprecedented gas prices?"
KAMALA HARRIS:
News source ranks Harris claim that inflation reduced due to Biden policies as “Mostly False.” Fact check: Harris says decline in inflation due to Biden policies (wral.com)
Harris comment “Economy not working.”
Harris Acknowledges prices are going up
Harris says
it’s “fantastic” Ocasio-Cortez proposed 70% tax rate and eliminate cars.
INTEREST RATES WERE AT AN EXTREME LOW OF 2.65% WHEN KAMALA HARRIS AND JOE BIDEN TOOK OFFICE.
RATES JUMPED 171% DURING THE KAMALA HARRIS AND JOE BIDEN PRESIDENCY.
IN MID-OCTOBER 2023, DAILY MORTGAGE RATES HIT 8% FOR THE FIRST TIME IN 23 YEARS.
IN 2023, MORTGAGE APPLICATIONS DECREASED TO THEIR LOWEST LEVEL SINCE 1995 ACCORDING TO THE MORTGAGE BANKERS ASSOCIATION.
JAN 21,2021 – 2.77%
SEP 29, 2022 – 6.70%
SEP 14, 2023 – 7.18%
FEB 8, 2024 - 6.64%
SINCE KAMALA HARRIS AND JOE BIDEN TOOK OFFICE, THE COST OF PURCHASING A HOME HAS SKYROCKETED BY 25.4%, PUTTING THE AMERICAN DREAM OF HOMEOWNERSHIP OUT OF REACH OF MILLIONS.
A HOMEBUYER’S DOLLAR GOES ABOUT HALF AS FAR AS IT DID AT THE END OF 2020.
Kamala Harris Called for Full Repeal of Trump's 2017 Tax Law.
"Get rid of the whole thing."
SOURCE
Kiplinger reported that, “Completely repealing the TCJA, which Sen. Harris called for, would push the highest individual income tax rate back up to 39.6% (it's currently 37%).
It would also reimpose limits on itemized deductions if your adjusted gross income is over a certain amount. The estate tax exemption would also drop from $11.58 million in 2020 to around $5.5 million, which means more estates would be subject to the tax. Ironically, the tax reform act's $10,000 limit on deductions for state and local taxes (a.k.a., the SALT deduction cap) would also be eliminated, which would mostly benefit wealthy people.”
(Kiplinger, August 15, 2020)
Repealing the TCJA would also kick the corporate income tax rate back up to 35% (it's 21% right now). That's considerably higher than the 28% rate Biden had proposed.
(Kiplinger, August 15, 2020)
“She got behind a plan to hit households making above $100,000 with an additional 4% income-based premium. She would, however, set a higher income threshold for families living in high-cost areas. Taxing capital gains at the same rate as ordinary income is something she supported, too. Sen. Harris also has a plan to guarantee up to six months of paid family and medical leave for workers. To cover the costs of her paid family and medical leave plan, she wanted to impose additional payroll taxes on families making $100,000 or more.”
(Kiplinger, August 15, 2020)
Harris has called for a plan called carbon tax.
(Kiplinger, August 15, 2020)
WHILE THE NUMBER OF PEOPLE ON FOOD STAMPS HAS RISEN 3% SINCE KAMALA HARRIS AND JOE BIDEN TOOK OFFICE, COSTS HAVE EXPLODED, WITH BENEFITS RISING 54% IN JUST TWO YEARS.
ADMINISTRATIVE COSTS FOR FOOD STAMPS HAVE ALSO BALLOONED, RISING OVER $500 MILLION SINCE KAMALA HARRIS AND JOE BIDEN TOOK OFFICE, BRINGING THE PROGRAM’S TOTAL COST TO THE TAXPAYER TO $120 BILLION A YEAR.
THAT’S TWICE WHAT THE PROGRAM COST IN 2019 UNDER TRUMP.
SHOCKING
NUMBERS
SINCE KAMALA HARRIS AND JOE BIDEN TOOK OFFICE, THE COST OF RENT HAS RISEN 20.4% IN JUST THE LAST THREE YEARS.
SINCE KAMALA HARRIS AND JOE BIDEN TOOK OFFICE, THE TOTAL AMOUNT OF CREDIT CARD LOANS TAKEN BY AMERICANS HAS SKYROCKETED BY 41%. And THE DELINQUENCY RATE HAS SKYROCKETED 67%.
SOURCE
BEFORE THE PANDEMIC, TOTAL PERSONAL SAVINGS INCREASED 90.67% UNDER PRESIDENT TRUMP.
SINCE KAMALA HARRIS AND JOE BIDEN TOOK OFFICE, THE AMOUNT THAT AMERICANS HAVE IN THEIR PERSONAL SAVINGS HAS FALLEN 81%.
SOURCE
PRESIDENT TRUMP’S PRO-GROWTH, AMERICA FIRST ECONOMIC POLICIES CAUSED A 6.7% INCREASE IN real average weekly wages. Real average weekly wages, or inflation-adjust weekly wages increased 8.9% under trump, and decreased from $399.34 when KAMALA HARRIS AND JOE BIDEN took office to $382.20 now, a pay cut of 4.3%.
THE AVERAGE CHILDCARE PAYMENT PER HOUSEHOLD HAS RISEN OVER 30% TO $8,000 SINCE 2019.
THIS IS DRIVING SOME PARENTS OUT OF THE WORKFORCE IN ORDER TO LOOK AFTER THEIR CHILDREN. SPECIFICALLY, AMONG FAMILIES THAT PAY FOR CHILDCARE, THERE ARE FEWER DUAL INCOME HOUSEHOLDS IN 2023 THAN IN 2019.
SOURCE
Paid for by Securing American Greatness Inc.