Impact of Harris's Economic Policies

Kamala Harris's economic proposals are predicted to have adverse effects on the U.S. economy, including lower GDP and wage reductions. An economist has indicated that many of these policies echo the current administration's strategies of implementing higher taxes and strict regulations, which typically hinder employment and wage growth. For instance, while Harris is proposing significant tax deductions for small businesses, these are viewed as mere gimmicks rather than real savings, potentially costing the government millions. Overall, it is suggested that instead of these measures, sustainable tax reforms are needed to help Americans retain more of their earnings.