ECONOMY
You’re paying taxes today—but are billionaires and big corporations dodging theirs?
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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 | TEXAS | 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.
Big corporations are suing to block Biden’s efforts to lower costs
| June 5, 2024
From the cost of medication to education to everyday expenses, the Biden administration has passed several laws and implemented many federal rules taking on giant corporations, but big businesses are fighting tooth and nail to protect their profits.
Millions of Americans could file their taxes for free starting in 2025
| June 3, 2024
The IRS’ Direct File program was rolled out on a limited basis in 12 states this past tax-filing season and saved 140,000 taxpayers who used it an estimated $5.6 million in filing costs. Now, the agency is looking to expand it nationwide.
Senate Democrats call for industry-wide investigation into Big Oil amid price-fixing and collusion allegations
| May 31, 2024
Senate Democrats joined their House counterparts in calling for an industry-wide investigation into Big Oil collusion and price-fixing allegations, which they say cost US consumers at the pump while driving up corporate profits.
Op-Ed: Congressional cuts feed corporate greed at expense of young people
by Young Invincibles