Examining Trump's and Harris' economic plans
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Donald Trump's economic policies focus on increased tariffs, particularly on China and the EU, which may worsen inflation as businesses pass costs to consumers; he aims to reduce energy costs despite OPEC's influence and supports mass deportation and tax cuts. Kamala Harris emphasizes curbing corporate monopolies with a federal price gouging ban, plans to build 3 million homes, offers a $25,000 tax credit for homebuyers, reinstates the child tax credit, expands the Earned Income Tax Credit, and raises the corporate tax rate from 21% to 28%. Both candidates' policies could significantly increase U.S. debt, which stands at $35 trillion with annual interest payments of $1 trillion. The author advocates for policies that enhance revenue through job creation to balance the budget.

#Trump #Harris #Economy #Tariffs #Inflation #TaxPolicy #Housing #CorporateTax #Debt #EconomicStrategy

https://gazette.com/business/examining-trumps-and-harris-economic-plans-tatiana-bailey/article_1cadd758-6adc-11ef-8a05-db38fd660d03.html