I'm John Bachelors who of my colleague Elizabeth Peek of the Hill, a columnist, a Fox News

economist, much on Fox Business.

The Harris campaign is presenting more in terms of economic policy than just accusing

grocers of raising prices exorbitantly and anti-competitively.

They're also recommending raising the corporate interest rates to 28%, which is where they came from. and the puzzle here is why and why now.

Liz everything is according to a plan I understand and my reading cursory reading because this is a new idea, but which is an old idea, is that the

reason we reduce corporate taxes from 28 or what they were before to 21 was to stimulate growth. It worked. So does that

mean logically the reason they're raising them or proposing to raise them from

21 to 28 is because they want to slow growth? Is that what they want?

Well, again, this kind of goes along with the Democrat

playbook, which is it must be greedy corporations that are the source of all our problems and

you know they like to accuse Donald Trump of giving money away the tax cuts

really benefiting only the rich and the fancy corporations.

The reality is, yes, we did lower the corporate tax rate because it was the highest in the

OECD group of nations.

We were at such a disadvantage that our corporations were

being driven to set up more and more of their businesses overseas in order to

enjoy lower tax rates. So this was alarming of course to other OECD

countries because all of a sudden the United States began to compete and if you

remember they also changed the mechanism for taxing repatriated earnings.

They made it advantageous to repatriate money and that's there was a flood of money that came into

the United States. In fact, corporate tax revenues after the Trump tax cuts

...