FACT CHECK: The Costs Of Harris-Walz
October 01, 2024
The Harris-Walz economic “vision” for the country is a trifecta of destruction that includes tax hikes, energy spikes, and inflation bites.
Tim Walz and Kamala Harris haven't met a tax hike they didn't like — and a Harris-Walz presidency would be a trifecta of tax increases that hit hardworking Americans right where it already hurts.
TAXES
- Harris-Walz is pushing the largest tax hike in U.S. history — a multi-trillion-dollar boondoggle that would kill jobs, decrease incomes, and shrink the economy.
- The Harris-Walz plan would raise taxes by as much as $36,000 per family, while her pledge to eliminate President Trump's tax cuts alone would raise taxes by $2,581/person.
- It would also raise taxes on almost 26 million small businesspeople, kill 786,000 American jobs, add trillions to the deficit and national debt, and spike the debt-to-GDP ratio past the record set after WWII.
- The true costs are likely much higher. That's what happens when you raise income taxes, business taxes, investment taxes, capital gains taxes, and death taxes — not to mention a new tax on unrealized gains.
- The Harris-Walz plan would raise taxes by as much as $36,000 per family, while her pledge to eliminate President Trump's tax cuts alone would raise taxes by $2,581/person.
ENERGY
- The Harris-Walz "NO-GROWTH" energy plan would ultimately be a massive national energy tax.
- A Harris-Walz fracking ban would quadruple household energy bills, double gas prices — costing Americans an extra $618/year in higher energy costs and an extra $5,661/year in higher costs of living, while the average annual household income would decline by more than $5,000/year.
- A Harris-Walz Green New Deal would cost American households an extra $3,900/year in higher utility bills — and as much as $37,000/year in higher household costs.
- A Harris-Walz "net-zero" mandate would make energy even more expensive, while a carbon tax, electric vehicle mandate, and ban on gas-powered vehicles would exponentially add to those costs.
- A Harris-Walz fracking ban would quadruple household energy bills, double gas prices — costing Americans an extra $618/year in higher energy costs and an extra $5,661/year in higher costs of living, while the average annual household income would decline by more than $5,000/year.
INFLATION
- Americans are already paying far higher prices under Kamala thanks to Kamala’s inflationary spending — and a Harris-Walz presidency would send them much higher.
- Inflation has already cost the average American household an extra $29,202 paying for the higher cost of living since Kamala took office.
- Harris-Walz’s excessive spending — such as their Soviet-style price control scheme and her housing plan (that will only drive home prices higher on top of the impossibly high costs of homeownership that already exist) — would make things far, far worse.
- Inflation has already cost the average American household an extra $29,202 paying for the higher cost of living since Kamala took office.
If you think four years of Harris-Biden is bad, that's nothing compared to four years of Harris-Walz.