Gov. Polis Responds to Criticism of Harris' Tax Plan

In a recent appearance on Fox News Channel’s “America’s Newsroom,” Colorado Governor Jared Polis defended Vice President Kamala Harris against criticism regarding her proposal to increase the corporate income tax. Critics argue that such a move could lead to lower wages and higher prices for consumers. Polis highlighted Harris's previous stance on allowing the Trump-era tax cuts to expire, which would have raised the corporate tax rate to 34%. He noted that her current position reflects a shift towards a more centrist, pro-growth approach. Polis emphasized that Harris is not seeking to punish corporations but rather aims to support both large and small businesses that provide essential services to Americans. He argued that her proposal is designed to benefit the middle class by maintaining some of the tax cuts while also expanding support for middle-income families. This, he contended, demonstrates a commitment to economic growth and stability. Co-host Bill Hemmer referenced a Wall Street Journal op-ed that claimed Harris's tax plan would ultimately harm workers by decreasing wages. However, Polis countered this narrative, asserting that the intention behind the proposal is to foster a more equitable economic environment rather than to penalize successful companies. Overall, Polis portrayed Harris's evolving tax strategy as a balanced approach that seeks to reconcile the need for corporate responsibility with the imperative of supporting middle-class Americans, positioning her as a moderate voice within the Democratic Party.