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FT News Briefing

Swamp Notes: Harris and Trump pitch their economic visions

Sep 28, 2024
Peter Spiegel, the FT's U.S. managing editor, dives into the contrasting economic visions of Kamala Harris and Donald Trump. He discusses Harris's attempt to blend continuity with pro-business policies while addressing inflation. On the flip side, Trump's radical proposals, including tax cuts and tariffs, aim to reshape America's economy. The conversation also touches on how these differing strategies impact voter sentiment ahead of the 2024 elections, influencing public confidence and political outcomes.
15:23

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Podcast summary created with Snipd AI

Quick takeaways

  • Kamala Harris aims to appeal to moderate voters by promoting an opportunity economy with pro-business policies while addressing inflation concerns.
  • Donald Trump's economic strategy focuses on substantial tax cuts and tariffs, raising questions about long-term impacts on revenue and inflation.

Deep dives

Harris's Economic Agenda

Kamala Harris presents an economic policy aimed at appealing to moderate voters while maintaining ties to the Biden administration. Her proposals include new tax credits for first-time homebuyers, boosting housing supply, and expanding the child tax credit, which reflect elements of the current administration's agenda. However, she faces challenges due to the unpopularity of the presidency tied to issues like inflation, compelling her to balance between advocating for continuity and showing a pivot toward fresh ideas. The focus on an 'opportunity economy' indicates a subtle shift toward more business-friendly policies, differentiating her approach from Biden's more pro-labor stance.

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