We’ve argued that Harris-Walz is the most anti-business ticket by a major presidential party in our lifetimes and perhaps in American history. And we said this BEFORE we saw the new tax plan.

Instead of lowering tax rates to make America more competitive, it raises nearly everyone.

The Harris tax plan would:

• • • Raise the corporate tax from 21% to 28%
    • Quadruple the tax on stock buybacks from 1% to 4%
    • Double the global minimum tax from 10% to 20%
    • Raise the top Income tax rate from 37% to 39.6%
    • Raise the corporate alternative minimum tax from 15% to 21%
    • Raise the capital gains tax from 24% to 43.5%
    • Impose the first-ever tax on unrealized capital gains at 25%
    • Double the number of Americans subject to the death tax

The compounding effect of these multiple tiers of taxation would mean that a $100 investment in a new company could be subject to an 80% tax rate.