ECONOMY
Trump’s tariff plan would raise prices and ‘reduce the living standard of Americans,’ economists say
Harris wants to give workers more rights and expand opportunities for non-college educated workers. Trump’s plans could cost jobs.
| October 22, 2024
Harris has vowed to strengthen workers’ rights, expand financial support for the working class, boost opportunities for non-college graduates, and raise the minimum wage. Trump, meanwhile, has promised to implement tariffs on imports and repeal federal investments in clean energy, both of which would likely lead to job losses.
Kamala Harris proposed a plan to help small business owners. Trump’s plan could send their costs through the roof.
| October 17, 2024
2024 ELECTIONS | Donald Trump | ECONOMY | NATIONAL NEWS | national politics | STATE | Texas Lead Story
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’s tariff plan would raise prices and ‘reduce the living standard of Americans,’ economists say
| October 16, 2024
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.
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.
High food prices are hurting Texas families. Here’s what Kamala Harris has proposed to lower costs.
| September 10, 2024
The vice president has said that she will call on Congress to pass a federal ban on price gouging and give the Federal Trade Commission more authority to prevent consolidation in the food industry.
Kamala Harris proposes plan to make it easier for Texans to start small businesses
| September 5, 2024
2024 ELECTIONS | ECONOMY | NATIONAL NEWS | national politics | SMALL BUSINESS | STATE | Texas Lead Story
Harris has proposed expanding a tax deduction for costs that are incurred while starting a business, creating a new fund that would allow the country’s smallest banks to cover the interest accrued on loans to new businesses, and more.
Kamala Harris wants to make it easier to afford housing in Texas
| September 4, 2024
After years of a worsening housing crisis in Texas, Kamala Harris’ proposals seek to create three million homes by 2028, provide down payment assistance to first-time home buyers, and crack down on price fixing among corporate landlords.