Trump’s economic plans would worsen inflation, experts say
| October 15, 2024
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.
Harris wants to give working families a tax cut and raise taxes on corporations. Trump would do the opposite.
| October 8, 2024
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 wants to cap child care costs and expand the child tax credit. Trump’s solution? Tariffs.
| September 26, 2024
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.
Harris wants to lower grocery prices by taking on price gouging. Trump’s plan would increase prices.
| September 24, 2024
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.
Harris’ plans aim to make housing more affordable. Trump’s plans are less clear.
| September 19, 2024
Harris has vowed to increase the available housing supply by three million homes and to provide lower-income first-time homebuyers with up to $25,000 in down payment support. Trump, on the other hand, has offered no specific plans for addressing the housing crisis.
Fed’s decision to cut interest rates could lower housing costs
| September 19, 2024
The announcement from the Federal Reserve will lower mortgage rates and encourage more building of apartments, which could lower rental costs.