Entrepreneur issues stark warning about why a Kamala Harris presidency would be devastating for the middle class

An security institution CEO has issued a stark informing astir why lower-to-middle-class Americans could beryllium harmed by a Kamala Harris presidency. 

Florida-based entrepreneur Shawn Meaike has based on that Harris' apt fiscal policies, which are yet to beryllium outlined, would negatively effect mini businesses. 

'What group are not knowing is what… important and really ridiculous taxation hike proposals mean for each of us, right?' Meaike told The Big Money Show connected Fox. 

'When you commencement looking astatine these businesses now... it sounds awesome to say, I'm going to taxation nan 1% aliases get this, aliases I'm going to get only these individuals.'  

'At nan extremity of nan day, each these restaurants, each these business owners, myself, profit-sharing, what we're doing... we can't do,' added Meaike, who founded life security agency Family First Life, which made $20 cardinal successful 2023 per ProPublica.

'At nan extremity of nan day, nan American dream… I don't want to opportunity nan American dream is dormant — that's astir apt a small spot complete nan top.

'But what I tin show you is it's going to make it really difficult to navigate what you want to do pinch employees, for employees.'

Meaike, who lives successful Boca Raton, Florida, besides revealed nan kinds of conversations business owners are having connected nan ground. 

'I was pinch a man yesterday,' Meaike recalled. 'He owns aggregate restaurants. I said, "what are you doing to enactment alive?" 

'What do they do? Cut staff. Cut resources. The valets up nan thoroughfare are laid off. The servers are laid off. The guys and girls who present nan nutrient are laid off.' 

Meaike launched trading patient Family First Life successful 2013, and it is now represented by much than 17,000 licensed agents crossed nan US, according to nan company's website. 

He antecedently worked successful existent property and astatine nan State Department of Children and Families for 13 years. 

Harris has a grounds of favoring steeper taxation hikes connected businesses and group than Joe Biden - however, she antecedently repeated his promise not to raise taxes connected immoderate households making little than $400,000 annually. 

In 2020, she projected aggregate changes to nan taxation code, including implementing a 4 percent 'income-based premium' connected households making much than $100,000 to money her type of 'Medicare for All'. 

She besides favored raising superior gains taxation rates to mean income taxation rates, raising nan firm income taxation complaint of 21 percent up to 35 percent, and expanding nan property tax. 

Harris besides supports nan expiration adjacent twelvemonth of galore cardinal parts of erstwhile president Donald Trump's 2017 Tax Cuts and Jobs Act. 

Known arsenic nan TCJA, nan argumentation included immoderate awesome provisions that benefited nan wealthiest Americans, while besides simplifying nan individual income taxes and reduced taxation rates crossed nan board. 

Some lawmakers including galore Republicans want to spot astir of nan provisions extended while galore Democrats want to spot only immoderate of them extended aliases modified.

It's unclear precisely what Harris' taxation proposals are if she secured a word successful nan White House travel November, but based connected her erstwhile policies, business owners are almost decidedly going to return a hit. 

But galore stock nan aforesaid concerns arsenic Meaike. A pipeline worker recently blasted Harris as a 'left-wing wide from San Francisco pinch nan highest taxes'. 

'Why would anybody pinch immoderate communal horse-sense that's a blue-collar worker want to moreover look astatine this woman?' Texas laborer Bugsy Allen told Fox News.