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NATIONAL ECONOMY
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Vice President Kamala Harris intends to support small business owners and entrepreneurs by reducing their expenses and increasing their access to capital. Trump’s tariff proposal, however, could cause small businesses’ costs to rise. (Graphic by Francesca Daly)

Kamala Harris proposed a plan to help small business owners. Trump’s plan could send their costs through the roof.

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Vice President Kamala Harris intends to support small business owners and entrepreneurs by reducing their expenses and increasing their access to capital. Trump’s tariff proposal, however, could cause small businesses’ costs to rise.
Trump

Trump’s tariff plan would raise prices and ‘reduce the living standard of Americans,’ economists say

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Trump’s plan would effectively be a sales tax that disproportionately harms working-class families and could cause a trade war that hurts US companies, economists say.
FILE - Republican presidential nominee former President Donald Trump speaks along the southern border with Mexico, on Aug. 22, 2024, in Sierra Vista, Ariz. (AP Photo/Evan Vucci, File)

Trump’s economic plans would worsen inflation, experts say

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Mainstream economists warn that Trump's plans to impose huge tariffs on imported goods, deport millions of migrant workers, and demand a voice in the Federal Reserve's interest rate policies would likely send prices surging.
Kamala Harris has proposed increasing the corporate tax rate, expanding the child tax credit, and cutting taxes for more than 100 million working and middle class Americans. Donald Trump, meanwhile, said he wants to permanently extend tax breaks that primarily benefited the ultra-wealthy and corporations. (Graphic by Francesca Daly)

Harris wants to give working families a tax cut and raise taxes on corporations. Trump would do the opposite.

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Kamala Harris has proposed increasing the corporate tax rate, expanding the child tax credit, and cutting taxes for more than 100 million working and middle class Americans. Donald Trump, meanwhile, said he wants to permanently extend tax breaks that primarily benefited the ultra-wealthy and corporations.
Harris has proposed capping families’ child care costs to 7% of their income and offering families of newborns up to $6,000 in the first year of the child's life. Trump, on the other hand, has focused on tariffs as a solution to the child care crisis, despite evidence showing they would only raise costs for families. (Graphic by Francesca Daly)

Harris wants to cap child care costs and expand the child tax credit. Trump’s solution? Tariffs.

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Harris has proposed capping families’ child care costs to 7% of their income and offering families of newborns up to $6,000 in the first year of the child's life. Trump, on the other hand, has focused on tariffs as a solution to the child care crisis, despite evidence showing they would only raise costs for families. 
Kamala Harris has said that she will call on Congress to pass a federal ban on price gouging and give the federal government more authority to prevent consolidation in the food industry, if elected. Donald Trump, on the other hand, wants to impose tariffs and reduce food imports, a plan that would cause food prices to increase. (Graphic by Francesca Daly)

Harris wants to lower grocery prices by taking on price gouging. Trump’s plan would increase prices.

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Kamala Harris has said that she will call on Congress to pass a federal ban on price gouging and give the federal government more authority to prevent consolidation in the food industry, if elected. Donald Trump, on the other hand, wants to impose tariffs and reduce food imports, a plan that would cause food prices to increase.