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@2024 The News Movement

Trump and Harris: Where do they stand? The Economy

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Trump and Harris: Where do they stand? The Economy

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Context


The Economy: Harris

Would try and pass a law proposing limits on price rises for food producers and grocers.

Is calling for three million new homes to be built over four years, prioritising first time buyers and affordable housing.

Wants to work with states to cancel medical bills for three million people.

Wants to speed up a Biden project that has lowered the price of prescriptions.

Context


The Economy: Trump

Has pledged to eliminate tax on tips.

Would offer tax relief to senior citizens.

Is calling for more tariffs on foreign imports, including 60% tariffs on Chinese goods. The intention is to create jobs in the US.

Wants to cut taxes all income brackets, and cut corporation tax to 15%.