Trump and Harris present vastly different approaches to economic policy on the campaign trail
- by WWSB
- Oct 23, 2024
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Published: Oct. 22, 2024 at 5:37 PM EDT
|Updated: 8 hours ago
WASHINGTON (Gray DC) - Economic concerns have been front and center on the 2024 presidential campaign trail, as voters continue to say it is a top issue for them.
The Pew Research Center recently found that the economy will be key for about eight-in-ten voters, when it comes to deciding who they think the next president should be.
Both former President Donald Trump and Vice President Kamala Harris have spoken frequently about their approaches to economic policy in recent months.
“The day I take the oath of office, we will rapidly drive prices down and make America affordable again,” said former President Trump at a rally in Asheville, N.C. in August.
The 2024 Trump platform economic plans include “defeating inflation,” decreasing prices quickly, making the Trump tax cuts permanent, unleashing American energy, cutting back on wasteful government spending and regulations, imposing tariffs on foreign-made goods and stopping illegal immigration.
Vice President Harris’ economic policy proposals differ significantly.
Harris has said she will create “an opportunity economy where everyone has a chance to compete and a chance to succeed — whether they live in a rural area, small town, or big city."
Somer of her economic plans include cutting taxes for working people, lowering food, grocery and health care costs, tackling fees and fraud, placing bans on price gouging and investing in innovation and entrepreneurship to make it easier for small businesses to grow.
“I believe we have an extraordinary opportunity to make our middle class the engine of America’s prosperity, to build a stronger economy,” said Vice President Harris, at a rally in Pittsburgh last month.
The Pew survey also found that more voters (55 percent) have more confidence in Trump on economic polices than Harris (45 percent).
But some mainstream economists have been expressing concerns about Trump’s policy proposals.
University of Chicago economist Steven Durlauf said that there are concerns about proposals from both of the major presidential candidates.
“I think if you were to ask for economists who is proposing more dangerous things for the United States, I’ll be blunt, I think the Trump would be clearly the, person who was identified. And the reasons for that are number one, the tariffs. Second, his comments about wanting to reduce the independence of the Federal Reserve,” said Durlauf. “An example of a policy on Harris’s side, which, most economists would be reacted negatively to, are the proposals to have regulations on price gouging.”
Copyright 2024 Gray DC. All rights reserved.
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