The Harris Tax Plan
What to know: Vice President Kamala Harris continues to dodge policy discussions, but according to the New York Times, her tax plan would cost Americans $5 trillion in the next decade.
The TPPF take: The Harris tax plan is a Loser of the Week.
“If you wonder what all that joy and hope is going to cost you, take a look at the Americans for Tax Reform analysis of the tax plan Harris released this week,” says TPPF’s Sherry Sylvester. “There’s a real estate tax hike, the “unrealized gains” tax on money you don’t have and another $100 billion to the Internal Revenue Service to give it the tools to make sure you pay it. That’s more of what the Democrats mean when they say ‘freedom.’”
For more on the Harris Tax Plan, click here.
Broke?
What to know: Government-run school districts continue to spend like drunken sailors, as evidenced by deficit budgets and skyrocketing debt.
The TPPF take: ISDs refuse to get spending under control—and it’s driving everyone’s property tax bill through the roof.
“It’s time for the Texas Legislature to impose some commonsense controls on school district spending, like a balanced budget requirement. If every household in Texas must leave within their means, then there’s no reason Texas ISDs can’t do the same,” says TPPF’s James Quintero. “Furthermore, every school district should be required to undergo a third-party efficiency audit of its budget and operations, especially now that federal pandemic aid has largely expired. The public needs to know exactly where the waste, fraud, and abuse are in the system.”
For more on education funding, click here.
Labor Day Travel
What to know: U.S. families will be traveling more this Labor Day; bookings are up 9% over last year, according to the AAA: “Retail gasoline prices for Labor Day weekend are seen at $3.50 a gallon compared with $3.81 last year, said AAA.
The TPPF take: Americans are still paying more for gas—as well as nearly everything else—under the Biden-Harris administration.
“Americans are working hard as they struggle to pay their bills, including expensive gasoline caused by the Biden-Harris anti-energy policies,” says TPPF’s Robert Henneke. “The fact of the matter is that inflation is caused by the big spending policies of the Biden-Harris Administration – too much money chasing too few goods. And the amount of federal spending the Biden-Harris administration injected into the U.S. economy in the ironically named Inflation Reduction Act was massive.”
For more on inflation, click here.