Your F-150 or Camry could cost tens of thousands of dollars more under Trump’s tariff plan
| October 16, 2024
Trump’s proposed tariff of between 100% and 2,000% on foreign-made cars entering the US would raise prices on both domestic and imported cars and “likely send thousands of US workers to the unemployment line,” according to Howard Gleckman, a senior fellow in the Urban-Brookings Tax Policy Center at the Urban Institute.
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.
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.