In order to protect the middle class, the Democratic nominee for president of the United States has revealed her economic platform.
UNITED STATES: Should she be elected US president, she will “fight” for the middle class. This is what Kamala Harris promised to do this Friday, August 16, when she compared her economic plans to those of her opponent, Donald Trump, who the vice president claimed was serving the wealthiest.
“Donald Trump is standing up for large corporations and billionaires. As you can see in the video at the top of the post, the 59-year-old Democratic contender made a commitment to “fight to give money back to middle- and working-class families” when visiting North Carolina.
A new birth tax credit of up to $6,000 for the first year of a child’s life, support for first-time home purchasers, and the building of three million new homes to address the “shortage” are just a few of the tangible measures proposed by Kamala Harris.
In addition, she plans to curb insulin prices, address the debt that Americans have accrued for medical care, and oppose price inflation in the food industry and real estate speculation. The Democrat has exercised caution to avoid following in Joe Biden’s footsteps, whose leadership she has adopted.
“Devastating”
The Democratic president has bragged throughout his term about his massive investment plans and the robust US economy, but he has never been able to provide a compelling narrative in response to the inflation that has befallen the largest economy in the world. On the other hand, Kamala Harris emphasized how households feel about the high cost of living, saying that “too many people feel that no matter how hard they work, they can’t get by.”
In an attempt to maintain her public persona, the vice president talked about her mother’s pursuit of homeownership and shared her experience working at McDonald’s as a student to supplement her pocket money. All in an effort to set herself apart from the 78-year-old billionaire, whose economic initiatives she has criticized, whom she will confront in the polls on November 5.
Kamala Harris said that Donald Trump had proposed a large rise in customs taxes, which she considered to be “devastating” because it would be “imposing a national tax on consumption”.
Higher costs for all of your daily necessities result from this. A Trump tax on food, a Trump tax on clothing, a Trump tax on gasoline, she enumerated, guaranteeing that her opponent’s proposal would cost a typical family $3,900 year.
The act of copying
Former President Donald Trump counterattacked on Friday, saying, “Famine, starvation, and poverty will follow if Kamala is elected and implements her communist price controls.”
A University of Michigan survey, which was made public on Friday, indicates that 41% of consumers think the vice president is a better candidate than Donald Trump for the economy, while 38% think Trump is the best option. This was a blow to the Republican, a successful businessman who had consistently outperformed Joe Biden in this kind of survey.
The Democrat’s recent proposal to remove tip taxes from the hotel and restaurant industries as well as other service industries infuriated Donald Trump. She was charged by the Republican with “plagiarizing” one of his ideas.
Similar criticism of Kamala Harris was leveled by his running companion, JD Vance, who charged that she had stolen his idea for a larger tax benefit for families. He proposed giving American families a $5,000 annual tax increase for each child.
The nonpartisan fiscal policy think tank Committee for a Responsible Federal Budget has calculated that the total cost of Harris’s plans would range from $1.7 trillion to $2 trillion.
According to his vice president Marc Goldwein, the tax credit of $5,000 annually for each child put forth by the Republican pair would alone come with a price tag of over $2,000 billion.
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