Kamala Harris still can't say how she plans to pay for her multi-trillion-dollar economic plan, which includes housing downpayment giveaways and money for home builders, student debt and medical "forgiveness," price controls, and huge increases in child tax credits.
In a clip from her prerecorded interview with CBS, set to air Monday night, Harris couldn't say exactly where she'd get the funding for the plan, estimated to cost well over $2 trillion, other than to say she'd make sure the "rich pay their fair share." When pressed on how exactly she'd get a bill like that through Congress, she came up short of an answer.
"When you invest small businesses, you investing the middle class and you strengthen America's economy," Harris began.
"Pardon me, Madam Vice President, but the question was, how are you going to pay for it?" CBS correspondent Bill Whitaker carefully interrupted.
"One of things is, I'm gonna make sure, the richest among us, who can afford it, pay their fair share in taxes. It is not right that teachers and nurses and firefighters are paying a higher tax rate that billionaires and the biggest corporations. And I plan on make that fair," Harris said, peddling an oversimplified claim from the Biden Administration that billionaires pay less than average Americans in taxes - a claim FaceCheck.org has rated to be deceptive and lacking context.
"But we're dealing with the real world here. How will you get this through Congress?" Whitaker pointed out.
After stuttering for a moment, Harris seemed to suggest that Congress would simply...do it.
"When you talk quietly with a lot of members of Congress, they know exactly what I'm talking about. Because their constituents know exactly what I'm talking about," Harris responded.
Related: Kamala Harris' Economic Plan Would Cost Up to $2.25 TRILLION, Nonpartisan Group Says
Which...isn't an answer.
It’s amazing, Kamala Harris is so unprepared and incapable of speaking she has no idea how to respond to second level questions from her own campaign managers at CBS
— Ian Miller (@ianmSC) October 7, 2024
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As even the notoriously left-leaning FactCheck.org explains, "To be sure, when looking only at income, the top-earning taxpayers, on average, pay higher tax rates than those in the income groups below them. The top 0.1% of earners, with more than $4.4 million in expanded cash income, pay an average rate of 25.1% in federal income and payroll taxes...Those in the middle 20%, with income between $59,700 and $105,900, pay an average of 12.3%." In fact, billionaires only come out ahead in the tax game when factoring in "unrealized gains" on assets like stocks, which are taxed when they're sold.
So no, billionaires aren't just sitting on a zeroed-out tax bill while John and Betty Librarian fork over half their paycheck to the feds. And there's no amount of squeezing you're going to put on the top 1% that's going to pay for all the stuff leftists want the government to hand out for "free." Which is why when it comes to how they'll pay for their plan, there's no mathematical answer they can give.
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