In North Carolina, Vice President Kamala Harris unveiled her economic plan, aiming to win over voters skeptical of her economic credentials compared to former President Trump. “We will bring down costs, increase financial security, and expand opportunities for working and middle-class Americans,” she stated.
Harris’s plan includes federal bans on price gouging for food, $25,000 in down payment assistance for first-time homebuyers, tax incentives for builders to create more starter homes, and expanding the child tax credit to up to $6,000 for infants.
Many proposals will require congressional support to implement.
A Trump economic adviser criticized the plan as “a massive expansion of government control.”
A recent AP-NORC poll shows more Americans trust Trump on economic issues, 45% to 38%. Trump’s economic promises include tax cuts for service workers, seniors, and extending his 2017 tax cuts.
Tom O’Saben of the National Association of Tax Professionals warned, “The promises are many, and the payment methods are slight. Most professionals agree taxes are as low as they’ll ever be, and further cuts could balloon the deficit.”
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