Uh-Oh: Well-Heeled Harris Donors Not Happy About Plan to Over-Tax Super-Rich, Push Her to Drop It

AP Photo/Jacquelyn Martin

Twin hypocrites Oprah Winfrey and Michelle Obama, the former a multibillionaire, the latter a multimillionaire, waxed hypocritical at the largest gaslighting event in the history of American politics — AKA the 2024 Democrat National Convention (DNC) — about wealthy (greedy) Republicans.

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Mrs. Obama droned on about how her parents "didn't aspire to be wealthy," incredulously (given her own wealthy) adding: "In fact, they were suspicious of folks who took more than they needed." 

Likewise, Oprah blasted former President Trump, saying the work of maintaining a democracy "requires standing up to life’s bullies" and whining about how she has sometimes been on the receiving end of "racism and sexism and income inequality and division." Did I mention she's worth an estimated $3 billion?

Team Trump promptly posted a thank-you letter Winfrey wrote to "Donald" in 2000 suggesting not only that he would be a good president but adding "Too bad we're not running for office. What a team!"

My Oh My, What a Difference a Week Makes

As most of the known universe knows by now, Kamala Harris continues to refuse to reveal details of her various policies and proposals — most of which almost seem to change by the day. Right behind her refusal stands a terrified Democrat Party; terrified that any details she provides (assuming she wouldn't lie) would drive away moderate and independent voters in droves.

As I wrote on August 23 in an article titled "Here Are 5 Trillion Reasons Harris, the Democrats Don't Want You to Know the Details of Her Policies," Americans for Tax Reform detailed a "$5 Trillion List of Tax Hikes Kamala Harris Just Endorsed," as confirmed by the Harris campaign.

Harris wants to extract a $5 trillion tax increase from American households and businesses, her campaign confirmed on Monday.

The Harris campaign officially endorsed the laundry list of new and higher taxes included in the Biden-Harris administration’s fiscal year 2025 budget, a plan that would increase taxes by $5 trillion over ten years.

The burden of Harris’s tax increases will hit households in the form of diminished wage growth and higher costs of goods and services. These Harris tax increases will make the U.S. less competitive vs. our adversaries. 

Harris also endorsed further increasing the size and power of the already-supersized IRS and erode taxpayer rights by watering down procedures designed to protect taxpayers from abusive and dishonest IRS agents.

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Of course, low-information, rank-and-file Democrat voters no doubt loved every minute of it, along with the hypocritical bilge from Winfrey, the Obamas, and various other super-wealthy leftists who spoke at the DNC.

Just one problem.

Wealthy Harris donors aren't happy with her "tax the daylights out of the rich" plan and are quietly pushing her to drop it, proving yet again: The hypocrisy of the rich knows no bounds.

Here's more:

Donors to Vice President Kamala Harris’s campaign are pushing her to reconsider supporting a proposed tax on the wealthiest Americans, as some Wall Street and Silicon Valley executives try to reshape the Democratic nominee’s governing agenda.

Donors to Vice President Kamala Harris’s campaign are pushing her to reconsider supporting a proposed tax on the wealthiest Americans, as some Wall Street and Silicon Valley executives try to reshape the Democratic nominee’s governing agenda.

[...]

Under the plan, those Americans would owe a 25 percent tax on a combination of their regular income, like wages, and so-called unrealized gains. The so-called billionaire minimum income tax could create hefty tax bills for wealthy individuals who derive much of their wealth from the stocks and other assets they own.

The proposal has hit a nerve with some of the donors who have flocked to supporting Ms. Harris after Mr. Biden dropped out of the presidential race, according to seven people familiar with the conversations.

At least one top donor close to Harris has raised the issue with her in a private conversation, encouraging her to instead tax the super-rich when they borrow against their wealth.

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Also Read:

Doocy Dishes on Tension Inside Harris' 'Frankenstein' Campaign and 'Senioritis' in Biden WH

Even CNN Has Questions and Is Now Fact-Checking Kamala Interview, So You Know It Did Not Go Well

'Little Piece of Paper': Human Rights Commission Prez, Other Leftists Call for Repeal of Constitution


Perfect, isn't it? Perfect hypocrisy, I mean. When Democrat policies — principally developed to sell to (exploit) low-information voters — displease ultra-rich Democrats, the "fun" begins. Kamala Harris is already up to her dishonest eyeballs in that "fun."

And rest assured: There's more to come.

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