Trump vs. Harris on the Economy
The Daily
Beware of Tax Cuts and Tariffs
The Harris plan focuses on supporting middle and lower-income parents through targeted child tax credits, directly benefiting these groups. In contrast, Trump's extension of tax cuts primarily favors corporations and higher earners, with a smaller share of benefits trickling down to a broader income range. However, his proposed tariffs disproportionately affect lower and middle-income individuals, as they tend to spend a larger portion of their income on taxed goods. Thus, while Trump's plan may appear to offer widespread benefits, it ultimately levies additional financial burdens on the middle class and lower-income families.
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