Election Economy: Harris vs. Trump Strategies Unveiled

Fox Business
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With elections looming, economic policies are at the forefront of political debates. Both Presidential candidates, Kamala Harris and Donald Trump, are actively campaigning and focusing on manufacturing's role in America's recovery. During a recent program, it was highlighted how Harris intends to implement a '15% made in America' tax and enforce tariffs on foreign competitors, aimed at rejuvenating the manufacturing sector. Harris criticized Trump's track record, claiming significant job losses during his presidency, while a fact-check disputes her claims, affirming that 414,000 manufacturing jobs were created from 2017 to 2020 under Trump, contrary to the Biden-Harris administration, which reportedly saw a loss of 24,000 jobs last month. Small business owners expressed concerns over potential tax hikes under Harris and the expiration of the Tax Cuts and Jobs Act (TCJA), which could significantly increase federal taxes. Congressman Greg Steube voiced his support for Trump's policies, contrasting them with what he described as Harris's inclination for greater governmental regulations and spending. Beyond economics, Harris's recent visit to the southern border attempted to address criticisms of her administration's immigration policy amid accusations of a perceived 'invasion' at the border, which significantly affects national security. Additionally, the aftermath of a tropical storm in Florida showcased the dire need for expedited disaster relief legislation to assist affected residents. Steube's push for tax relief remains stalled in the Senate, illustrating the ongoing challenges in governmental responses to natural disasters.
Highlights
  • • Kamala Harris promotes a '15% made in America' tax rate.
  • • Trump's presidency saw an addition of 414,000 manufacturing jobs.
  • • Biden administration reportedly lost 24,000 manufacturing jobs recently.
  • • Small business owners voice fears over tax hikes if Harris is elected.
  • • Greg Steube criticizes Harris's economic strategies as tax-increasing.
  • • Harris's visit to the border aims to mitigate criticism of immigration policies.
  • • Steube highlights national security threats related to border policy.
  • • Florida faces damage from a recent tropical storm with significant flooding.
  • • Disaster relief legislation is stalled in the Senate, affecting recovery efforts.
  • • Calls for tax relief for disaster-affected residents remain a key conversation.
* dvch2000 helped DAVEN to generate this content on 09/28/2024 .

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