Harris pushes policies to raise corporate taxes and impact growth

Stuart Varney, during his segment on "Varney & Co," criticized Kamala Harris' economic policies, describing them as a disorganized collection of ideas that cater to the far-left of her party. He argued that her approach focuses on punishing big businesses and raising corporate taxes, which he believes will not foster economic growth. Varney highlighted Harris' rhetoric against corporate greed and excessive profits, suggesting that such narratives are popular among her supporters but detrimental to overall prosperity. He pointed out that Harris' proposals include significant tax credits for new parents and extensive student loan forgiveness, which he characterized as attempts to buy votes using taxpayer money. Varney also mentioned her plans for price controls, which he claims have historically failed to deliver positive results. He expressed concern that these policies, rather than promoting economic stability, could lead to further complications as the economy slows down. Varney emphasized the absence of tax cuts or deregulation in Harris' agenda, contrasting it with the economic strategies that he believes were effective during Donald Trump's presidency. He suggested that Harris should engage with knowledgeable journalists to better understand economic principles, as he perceives her background in government rather than business as a limitation. In conclusion, Varney asserted that Harris' primary focus appears to be winning elections rather than fostering genuine economic growth and prosperity, raising questions about the long-term implications of her policies on the economy.