FiveThirtyEight Politics
How Trump And Harris Would Tackle The Economy
Aug 29, 2024
Jeanna Smialek, a New York Times journalist focused on the economy, delves into the contrasting economic proposals from Vice President Kamala Harris and former President Donald Trump. They discuss Harris's approach to tackling price gouging and taxing the wealthy, contrasted with Trump's tax cuts and tariffs. The conversation explores how mixed signals of inflation affect voter perceptions of the economy, and the implications of these proposals on housing costs and economic inequality as elections approach.
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Quick takeaways
- Vice President Harris's economic proposals focus on tax increases for the wealthy and consumer protections, aiming to address voter concerns effectively.
- Former President Trump's strategy emphasizes tax cuts and tariffs to appeal to voters, while facing challenges in legislative feasibility and funding.
Deep dives
Economic Proposals from Key Political Figures
Recent economic proposals from Vice President Harris and former President Trump aim to address pressing voter concerns about the economy. Harris's plan includes a price gouging ban on groceries, tax increases on the wealthy, and expansions to child tax credits, targeting areas that resonate with many voters. Trump, on the other hand, has advocated for extending previous tax cuts, eliminating taxes on Social Security payments, and implementing new tariffs on foreign goods to reduce costs. Both sets of proposals emerge amid mixed economic signals, with Trump currently holding a significant lead over Harris regarding perceptions of economic management, according to polling data.
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