YAHOO: WHERE HARRIS AND TRUMP DIFFER ON THE BIG ECONOMIC ISSUES

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WHERE HARRIS AND TRUMP DIFFER ON THE BIG ECONOMIC ISSUES

Harris:  Supports the Biden plan to allow all tax cuts to expire except for households earning less than $400,000

THE 2017 TAX CUTS FOR INDIVIDUALS, WHICH EXPIRE AT THE END OF 2025

Trump:  Extend or make permanent all the 2017 tax cuts

Harris:  Raise the corporate tax rate from 21% to 28%

CORPORATE
TAXES

Trump:  Lower the corporate tax rate from 21% to as low as 15%

Harris:  Eliminate federal income tax on tips; impose new tax on wealth above $100 million

OTHER
TAXES

Trump:  Eliminate federal income tax on tips and on Social Security income

Harris: Continue to restrict high-technology exports to China and sustain 100% tariffs on Chinese electric vehicles

TRADE

Trump:  Impose a 10% to 20% tariff on most imports and a 60% tariff on imports from China

Harris:  A new $6,000 tax credit for families with newborns; expand the child tax credit by up to $3,600 per child

CHILD
CARE

Trump:  May propose an expansion of the child tax credit

Harris:  Support all green-energy measures Biden has enacted; possibly ease targets for electric vehicle adoption and green electricity production

GREEN
ENERGY

Trump:  Kill or reduce electric-vehicle subsidies Biden signed into law in 2022. Produce more fossil fuels

Harris:  Extend or make permanent temporary subsidies for higher-income Americans to buy insurance through the Affordable Care Act; forgive some medical debt

HEALTHCARE

Trump:  Repeal Affordable Care Act or reduce subsidies

Harris:  Continue executive action to limit asylum claims at the border, pass immigration reform legislation

IMMIGRATION

Trump:  Build a border wall and return to the strict anti-immigrant policies of the first Trump term; deport millions of undocumented migrants

Harris:  Enact a $25,000 subsidy for first-time home buyers; establish incentives and reforms to help build 3 million additional homes

HOUSING

Trump:  Pressure the Federal Reserve to keep interest rates low, ease regulations, open federal land to development

Harris:  Defend a 2022 law requiring Medicare to negotiate the prices of certain drugs with manufacturers

DRUG
PRICES

Trump:  Unclear, but possibly soften Medicare price negotiations with manufacturers

Harris:  Continue military aid to Ukraine

RUSSIA'S WAR
IN UKRAINE

Trump:  Seek a settlement with Russia and end or restrict US military aid to Ukraine

Harris:  Raise from $7.25 per hour to as high as $15

FEDERAL
MINIMUM WAGE

Trump:  No change

Harris:  Continue Biden's efforts to forgive student debt

STUDENT
DEBT

Trump:  No forgiveness

Harris:  $2 trillion increase

10-YEAR EFFECT ON THE NATIONAL DEBT*

Trump:  $4.1 trillion increase

*NATIONAL DEBT ESTIMATES ARE FROM THE PENN WHARTON BUDGET MODEL AND ASSUME EACH CANDIDATE'S PLANS ARE ENACTED IN FULL.

Above is from:  https://finance.yahoo.com/news/why-kamala-harriss-approach-to-capital-gains-is-generating-so-much-controversy-112935244.html