{"id":2325986,"date":"2024-08-17T14:46:02","date_gmt":"2024-08-17T18:46:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/harris-and-trump-steal-from-each-others-playbooks-on-economic-policies-washington-examiner\/"},"modified":"2024-08-17T14:54:48","modified_gmt":"2024-08-17T18:54:48","slug":"harris-and-trump-steal-from-each-others-playbooks-on-economic-policies-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/harris-and-trump-steal-from-each-others-playbooks-on-economic-policies-washington-examiner\/","title":{"rendered":"Harris and Trump steal from each other\u2019s playbooks on economic policies &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fharris-and-trump-steal-from-each-others-playbooks-on-economic-policies-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2325986&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The article discusses how Vice President Kamala Harris and former President Donald Trump, despite their historical political \u2062differences, have\u200d recently adopted similar economic stances as they campaign for the presidency. Notably, both have endorsed significant child tax \u200dcredits amidst \u200crising inflation that has affected consumers. Harris has aligned with Trump on\u200b his \u201cno tax on tips\u201d pledge and proposed a $6,000 credit for newborns, while \u200dTrump suggests a $5,000 credit for all income levels. <\/p>\n<p>However, the \u2064Republicans are utilizing this alignment to critique Harris,\u2062 attributing the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/why-xi-jinpings-invasion-of-taiwan-is-inevitable-but-not-imminent\/\" title=\"Why Xi Jinping\u2019s Invasion Of Taiwan Is Inevitable But Not Imminent\">current economic challenges<\/a> to her and referencing her term as Vice President. They \u2064highlight issues like inflation and claim\u200c that \u200cher policies\u2064 have contributed to \u200d<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/romney-proposes-350-monthly-payments-to-families-with-kids-under-six\/\" title=\"Romney Proposes 0 Monthly Payments To Families With Kids Under Six\">financial strain<\/a> \u200bon American\u2062 families. In contrast, Democrats argue \u200dthat wages have risen relative to inflation, suggesting a positive outlook on\u2062 the economy.<\/p>\n<p>The article further\u2064 contrasts \u2062their economic philosophies: Republicans traditionally favor deregulation\u2064 and lower spending,\u200b while Democrats advocate for increased taxes on higher earners. Harris\u2062 argues that her focus is on working and middle-class Americans, distancing herself from Trump\u2063 who she claims supports \u2062the wealthiest. The article concludes by emphasizing the contrasting approaches each candidate will likely take in their proposed economic policies, underscoring their fundamental differences despite some points of agreement.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Harris and Trump steal from each other&rsquo;s playbooks on economic policies<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1732423\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>Former President <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\" target=\"_blank\" rel=\"noopener\" title>Donald Trump<\/a> and Vice President <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/kamala-harris\/\" target=\"_blank\" rel=\"noopener\" title>Kamala Harris<\/a> have rarely agreed before and since her inclusion into the presidential race. But several new stances on <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/economy\/\" target=\"_blank\" rel=\"noopener\" title>economic<\/a> policy from both sides have changed that.<\/p>\n<p>Harris took Trump&rsquo;s &ldquo;no tax on tips&rdquo; pledge, and both candidates now agree on significant child tax credits. Their economic policies serve to feed a voter population hungry for good financial news amid inflation that has hit prime consumer goods hard.<\/p>\n<p>Former President <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/Bill-Clinton\/\" target=\"_blank\" rel=\"noopener\" title>Bill Clinton<\/a> signed the first <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-releases-list-of-president-trumps-accomplishments-and-it-is-historic\/\" title=\"White House Releases List of President Trump\u2019s Accomplishments \u2013  And It Is Historic!\">child tax credit<\/a> into law in 1997, and President Joe Biden&rsquo;s administration expanded it as part of his American Rescue Plan. Senate Republicans recently blocked a chance at expanding the credit as part of a bipartisan tax deal, but that hasn&rsquo;t stopped Trump from thinking about an expanded $5,000 child tax credit for all income levels.<\/p>\n<p>Trump&rsquo;s running mate, Sen. <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/jd-vance\/\" target=\"_blank\" rel=\"noopener\" title>J.D. Vance<\/a> (R-OH), endorsed the idea last week. Harris supports a similar $6,000 credit for newborns, which would triple the current credit allowed.<\/p>\n<p>Harris backed Trump&rsquo;s &ldquo;no tax on tips&rdquo; policy in an Aug. 10 speech in Las Vegas, Nevada, a critical voting area with hospitality and service workers who could benefit. Harris also mentioned raising the minimum wage, which Trump hasn&rsquo;t.<\/p>\n<p>Trump&rsquo;s economic promises could ring louder, given Harris is still technically the incumbent. In theory, Harris could push for her economic policies now but hasn&rsquo;t.<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/tag\/Republicans\/\" target=\"_blank\" rel=\"noopener\" title>Republicans<\/a> have seized on those points. While Harris laments rising inflation that has skyrocketed prices of food and other goods, Republicans are crediting her as responsibility for the economic crisis she rails against.<\/p>\n<p>&ldquo;Kamala Harris is claiming she will fix the economy if she is elected President,&rdquo; Rep. Andy Ogles (R-TN) posted on X. &ldquo;Why couldn&rsquo;t she have fixed it while she was in office the last 4 years?&rdquo;<\/p>\n<p>Rep. Roger Williams (R-TX) used the recent Trump-coined &ldquo;Kamalanomics&rdquo; term to redirect responsibility from President Joe Biden&rsquo;s Bidenomics to her.<\/p>\n<p>&ldquo;Americans are living paycheck to paycheck under Harris,&rdquo; Williams posted on X. &ldquo;Failed Kamalanomics is making it harder for families to buy a home, finance a car, pay off debt, or even cover basic gas and groceries.&rdquo;<\/p>\n<p>What Democrats can point out in defense is rising wages relative to inflation. According to the Economic Policy Institute, average wages have beat the rise of inflation for the past year. Senate President Pro Tempore Sen. Patty Murray (D-WA) noted that in a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/former-acting-dni-richard-grenell-says-impeachment-process-now-a-political-weapon\/\" title=\"Former Acting DNI Richard Grenell Says Impeachment Process Now a \u2018Political Weapon\u2019\">recent post<\/a>.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Inflation is cooling down, wages are continuing to rise.<\/p>\n<p>Democrats are focused on building the economy from the middle out. That&#8217;s because when workers succeed, our businesses, our economy, and our country succeeds.<\/p>\n<p>&mdash; Senator Patty Murray (@PattyMurray) <a href=\"https:\/\/twitter.com\/PattyMurray\/status\/1824847657803915561?ref_src=twsrc%5Etfw\">August 17, 2024<\/a><\/p><\/blockquote>\n<p><script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script> <\/div>\n<\/figure>\n<p>The nitty-gritty of how each candidate will implement their agreed-upon economic policies will likely be a different story. Historically, Republicans have cut regulations and government spending to free up space for such moves, while Democrats have raised taxes on upper-tier earners.<\/p>\n<p>&ldquo;If you want to know who a politician cares about, look at who they fight for,&rdquo; Harris&nbsp;<a href=\"https:\/\/x.com\/KamalaHarris\/status\/1824526846295261202\" target=\"_blank\" rel=\"noreferrer noopener\">tweeted<\/a>&nbsp;Friday. &ldquo;Donald Trump fights for billionaires and large corporations. I will fight to give money back to working and middle-class Americans.&rdquo;<\/p>\n<p>This will underscore their hardline economic differences, and Harris recently distanced herself further from Trump with her &ldquo;price controls&rdquo; idea that many observers have deemed communism.<\/p>\n<p>&ldquo;If Kamala is elected and implements her Communist Price Caps, there will be famine, starvation, and poverty, the likes of which we have never seen,&rdquo; Trump&nbsp;<a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/112973537236875443\" target=\"_blank\" rel=\"noreferrer noopener\">said on Truth Social<\/a>&nbsp;Friday.<\/p>\n<p>And Trump is not the only one upset at her plan. The left-leaning <em>Washington Post <\/em>editorial board called her <a href=\"https:\/\/www.washingtonpost.com\/opinions\/2024\/08\/16\/harris-economy-plan-gimmicks\/\" target=\"_blank\" rel=\"noopener\" title>plan<\/a> to go after &ldquo;price-gouging&rdquo; industries a &ldquo;populist gimmick.&rdquo;<\/p>\n<p>&ldquo;Never mind that many stores are currently slashing prices in response to renewed consumer bargain hunting,&rdquo; they wrote. &ldquo;Ms. Harris says she&rsquo;ll target companies that make &ldquo;excessive&rdquo; profits, whatever that means. (It&rsquo;s hard to see how groceries, a notoriously low-margin business, would qualify.)&rdquo;<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noopener\" title><strong><\/strong><\/a><\/p>\n<p>Economics commentator Catherine Rampell <a href=\"https:\/\/x.com\/HouseGOP\/status\/1824499895568404850\" target=\"_blank\" rel=\"noopener\" title>said <\/a>on CNN that Sens. Bob Casey and Elizabeth Warren&rsquo;s bill, the&nbsp;Price Gouging Prevention Act, would be a likely template for Harris to enforce a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-says-they-dont-believe-russian-government-was-involved-in-colonial-pipeline-hack\/\" title=\"Biden Says They Don\u2019t Believe Russian Government Was Involved In Colonial Pipeline Hack\">price gouging<\/a> ban. The bill would allow the Federal Trade Commission to enforce the ban on price gouging, giving them wide authority over the markets.<\/p>\n<p>Rampell said that it was &ldquo;fully unworkable for the FTC to be deciding how much Kroger charges for eggs in Michigan.&rdquo; She said they&rsquo;ve seen the same thing in &ldquo;Venezuela, Argentina, the Soviet Union&rdquo; &hellip; it leads to shortages.&rdquo;<\/p>\n<p> <script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1732423\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1732423\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Harris and Trump borrow from each other&#8217;s economic strategies. Former President Donald Trump and Vice President Kamala Harris have seldom found common ground, both before and after her entry into the presidential race. However, recent shifts in their economic policies have altered that dynamic. Harris has adopted Trump&#8217;s commitment to eliminate taxes on tips, and both candidates now support substantial child tax credits. Their economic proposals aim to appeal to voters seeking positive financial news amid rising inflation affecting essential consumer goods. The first child tax credit was enacted by former President Bill Clinton in 1997, with President Joe Biden&#8217;s administration later expanding it through the American Rescue Plan. Although Senate Republicans recently blocked an opportunity to further expand this credit as part of a bipartisan tax agreement, Trump is contemplating a broader $5,000 child tax credit applicable across all income levels\u2014a proposal endorsed last week by his running mate, Sen. J.D. Vance (R-OH). Meanwhile, Harris advocates for a similar $6,000 credit for newborns that would triple the existing amount.<\/p>\n<p>In an August 10 speech in Las Vegas\u2014a key area with many hospitality workers who could benefit\u2014Harris expressed support for Trump&#8217;s &#8220;no tax on tips&#8221; policy while also mentioning plans to raise the minimum wage\u2014something Trump has not addressed. Given that Harris is still technically the incumbent vice president, her economic promises could resonate more strongly; however, she has yet to push forward with them actively.<\/p>\n<p>Republicans are capitalizing on this situation; while Harris criticizes soaring inflation impacting food prices and other essentials, they are attributing responsibility for the current economic crisis to her tenure in office over the past four years. Rep. Andy Ogles (R-TN) questioned why she didn&#8217;t address these issues during her time in office if she claims she can fix them as president: \u201cKamala Harris is claiming she will fix the economy if elected President,\u201d he posted on X (formerly Twitter). Rep. Roger Williams (R-TX) coined &#8220;Kamalanomics&#8221; as a term redirecting blame from Biden&#8217;s policies onto her: \u201cAmericans are living paycheck to paycheck under Harris,\u201d he stated.<\/p>\n<p>In defense of their position, Democrats highlight that average wages have outpaced inflation over the past year according to data from the Economic Policy Institute\u2014a point noted by Senate President Pro Tempore Patty Murray (D-WA). She emphasized that inflation is easing while wages continue rising: \u201cDemocrats focus on building an economy from within because when workers thrive so do businesses and our country.\u201d<\/p>\n<p>The practical implementation of their shared economic policies may differ significantly between candidates; historically Republicans tend toward cutting regulations and government spending while Democrats typically increase taxes on higher earners. In response to these differences regarding priorities\u2014\u201cIf you want to know who a politician cares about,\u201d tweeted Harris recently,\u201clook at who they fight for\u201d\u2014she asserted that Trump advocates for billionaires whereas she aims to support working- and middle-class Americans.<\/p>\n<p>However, tensions remain high regarding differing approaches; recently distancing herself further from Trump\u2019s views with proposals like price controls\u2014which some critics label as communistic\u2014has drawn sharp rebuke from him: \u201cIf Kamala is elected&#8230; there will be famine&#8230; poverty like we\u2019ve never seen.\u201d The Washington Post editorial board criticized her plan targeting industries accused of price gouging as merely populist theatrics rather than effective policy.<\/p>\n<p>Economics commentator Catherine Rampell suggested that legislation such as Sens Bob Casey\u2019s and Elizabeth Warren\u2019s Price Gouging Prevention Act might serve as a framework for enforcing anti-price gouging measures under Harris\u2019 potential administration but warned against its practicality given historical precedents leading countries into shortages due such regulatory frameworks<\/p>\n","protected":false},"author":1,"featured_media":2325987,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/08\/Harris_Trump_Election_Debates_667.webp","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[38400,4021,5894,3634,32076],"class_list":["post-2325986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-economic-policies","tag-harris","tag-politics","tag-trump","tag-washington-examiner"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/08\/Harris_Trump_Election_Debates_667.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2325986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2325986"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2325986\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2325987"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2325986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2325986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2325986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}