Cato Daily Podcast
The Parallel Handouts from Trump and Harris Campaigns
Aug 27, 2024
Vanessa Brown Calder, an insightful analyst of campaign pledges, dives into the curious overlap between Kamala Harris and Donald Trump's family policies, specifically their proposals for a large child tax credit. She discusses the surprising similarities and motives behind these pledges while questioning their effectiveness. The conversation also explores how financial incentives might affect fertility rates and critiques housing policies aimed at first-time home buyers, emphasizing the need for comprehensive reforms to tackle affordability issues.
13:07
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Quick takeaways
- Both Trump and Harris propose substantial increases to child tax credits to provide financial relief for families, yet skeptics question their effectiveness in boosting birth rates.
- Harris's cash benefit for first-time homebuyers underscores the challenges of addressing housing affordability without considering underlying supply constraints and potential market distortions.
Deep dives
Similarities in Family Policies
The candidates Trump and Harris share notable similarities in their approaches to family policies, particularly regarding child-related financial assistance. While Trump's camp focuses on incentivizing higher birth rates through increased child tax credits, Harris emphasizes financial relief for families with children. Both propose enhancements to the child tax credit—with Harris suggesting an increase to $6,000 for parents of infants and Trump backing a $5,000 increase from the current $2,000. Despite their differing motivations, both campaigns exhibit a parallel structure to their proposals that may not significantly impact family financial dynamics.
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