Charles Payne Says Kamala Harris’ Proposed Business Tax Hike Will ‘Make The Lives Of Workers Harsher’

Fox Business host Charles Payne warned that Vice President Kamala Harris’ proposal to increase corporate taxes would cost American workers jobs during a Tuesday interview.

Harris intends to raise the corporate rate from 21% to 28%, a proposal similar to one in a March 7 White House fact sheet, NBC News reported. Payne told Fox News host Harris Faulkner that the vice president’s proposal was not motivated by sound economics.

“Juxtapose these two things: On one hand, a supermarket making 2% on profits is greedy, but the federal government hiking business taxes from 21 to 28% is needy. So, think about this for a moment, let’s put this all in perspective and you are right, if elected, I think Kamala Harris’ policies, or the ones that she actually will propose, may go further than this because she’s on record for wanting corporate taxes to be well into the 30s,” Payne said. “The problem is that the rest of the organized world, the rest of the developed world, over the last decade or so, has all come down to be competitive on a global scale.”