{"id":2337525,"date":"2024-09-05T19:50:54","date_gmt":"2024-09-05T23:50:54","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-and-harris-sharply-different-views-on-the-economy\/"},"modified":"2024-09-05T19:54:31","modified_gmt":"2024-09-05T23:54:31","slug":"trump-and-harris-sharply-different-views-on-the-economy","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-and-harris-sharply-different-views-on-the-economy\/","title":{"rendered":"Trump and Harris&#8217; Sharply Different Views on the Economy"},"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\">18<\/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%2Ftrump-and-harris-sharply-different-views-on-the-economy%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=2337525&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>Former President \u2062Donald Trump is set\u200b to present his economic plans to the Economic \u200cClub of New York, arguing that he can \u2064reduce prices \u200bfor Americans by deregulating and increasing fossil\u2062 fuel production during a potential second term. He \u200daims to contrast his policies with those of\u200c his opponent, Vice President Kamala Harris, who he claims would\u2062 deter large companies from operating in the U.S. Trump has proposed lowering the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/prageru-nikki-haley-explains-why-capitalism-wins\/\" title=\"PragerU: Nikki Haley Explains Why \u2018Capitalism Wins\u2019\">corporate tax rate<\/a> from 21% to \u200d15%, a move favored by businesses, while Harris advocates \u2064for\u2062 raising it to 28%. Both candidates have different visions for managing\u200b the economy, which is a central theme in the current election. An AP-NORC \u2062poll \u2062indicates Trump slightly leads Harris in perceived\u2064 competence on economic issues. Trump&#8217;s plans\u200b to impose tariffs\u2062 to\u2064 return \u2063manufacturing\u200c jobs have been \u200dmet with skepticism from economists who warn they could exacerbate inflation, which \u2064peaked at 9.1% in 2022 but has since decreased.\u2062 Harris, meanwhile, \u200bis focused on stimulating entrepreneurship by easing the process \u200bfor new businesses and advocating for \u200dgenerous tax deductions\u200b related to startup\u200c costs.  <\/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\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?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<section> <script>console.log(\"ad slot (IC1)\")<\/script><script>console.log(\"ad slot (IC2)\")<\/script><\/p>\n<p>Former President Donald Trump will go before a group of economists Thursday to make his case that he can bring down prices for Americans by lifting regulations and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/state-department-irans-nuclear-transgressions-make-return-to-deal-harder\/\" title=\"State Department: Iran\u2019s Nuclear Transgressions Make Return to Deal Harder\">boosting production<\/a> of fossil fuels in a potential second term.<\/p>\n<p>The GOP presidential nominee is speaking to the Economic Club of New York a day after appearing in a town hall on Fox News, where he argued that his opponent, <a href=\"https:\/\/www.westernjournal.com\/kamalas-failures-exposed-4-biden-admin-catastrophes-overseen-vice-president-harris\/\" target=\"_blank\" rel=\"noopener\">Vice President Kamala Harris<\/a>, would drive large companies away from the U.S. if she wins the election.<\/p>\n<p>Trump has floated the idea of chopping the 21 percent corporate tax rate to 15 percent, a proposal liked by companies, in addition to no taxes on tips and Social Security income. The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gop-senator-blasts-infrastructure-bill-for-removing-2017-tax-cuts\/\" title=\"GOP Senator blasts infrastructure bill for removing 2017 tax cuts\">corporate rate<\/a> had been 35 percent when he became president in 2017, and he later signed a bill lowering it.<\/p>\n<p>Trump and Harris, the Democratic nominee, want to take the rate in opposite directions while arguing that each is better than the other for American business. It is one of the many ways the two major-party nominees have laid out sharply different views on the economy, a critical issue in this year&rsquo;s election.<\/p>\n<p><a href=\"https:\/\/www.westernjournal.com\/kamala-harris-campaign-caught-deceptively-editing-trump-town-hall-footage-tell-blatant-lie\/\" target=\"_blank\" rel=\"noopener\">Trump<\/a> had a slight advantage over Harris on which candidate would better handle the economy, according to an AP-NORC poll conducted in August. Some 45 percent of adults said Trump would do a better job, and 38 percent said Harris.<\/p>\n<p>  <script> \t\t\t\tif( ! getCookie( 'ff_subbed' ) ) if( typeof FFADS.replace_ict !='undefined' ) if( FFADS.replace_ict ) eval( FFADS.replace_ict ); \t\t\t<\/script> <\/p>\n<p>Harris calls for raising the corporate tax rate to 28 percent from 21 percent. Her policy proposals this week have been geared toward promoting more entrepreneurship, a bet that making it easier to start new companies will increase middle class prosperity.<\/p>\n<p>Economists have warned about Trump&rsquo;s plans to impose tariffs that he says would return manufacturing jobs to the U.S. Some have said such taxes on imports could worsen <a href=\"https:\/\/www.westernjournal.com\/biden-brags-inflation-lowest-since-month-signed-1-9t-bill-sparked\/\" target=\"_blank\" rel=\"noopener\">inflation<\/a>, though he is vowing to cut down costs. Inflation peaked in 2022 at 9.1 percent, but has since eased to 2.9 percent as of last month.<\/p>\n<p>President Joe Biden&rsquo;s administration preserved the tariffs on China introduced under the Trump administration and banned exports of advanced computer chips to China.<\/p>\n<p>Harris favors a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/stock-market-tanks-after-report-on-biden-plan-to-pay-for-leftist-agenda-experts-warn-it-is-insanity\/\" title=\"Stock Market Tanks After Report On Biden Plan To Pay For Leftist Agenda, Experts Warn: \u2018It Is Insanity\u2019\">top capital gains rate<\/a> of 28 percent, whereas Biden has wanted to nearly double the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/admiral-brett-giroir-unloads-on-biden-admins-continuing-lies-regarding-trumps-vaccine-achievements\/\" title=\"Admiral Brett Giroir Unloads On Biden Admin\u2019s \u2018Continuing Lies\u2019 Regarding Trump\u2019s Vaccine Achievements\">existing rate<\/a> to 39.6 percent on investors making more than $1 million. Both also want to increase a separate tax rate on investment income.<\/p>\n<p>In New Hampshire on Wednesday, Harris called for expanding tax deductions tied to the expenses of starting a business and set a goal of 25 million applications to form new companies over the next four years.<\/p>\n<p style=\"font-style: italic;\">The Western Journal has reviewed this Associated Press story and may have altered it prior to publication to ensure that it meets our editorial standards.<\/p>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\">  <\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> <label>* Name<\/label> <br \/> <input type=\"text\" name=\"name\" required> <\/div>\n<div class=\"sc--field\"> <label>* <\/label> <br \/> <input type=\"text\" name=\"\" required> <\/div>\n<p> <label>* Message<\/label> <br \/> <textarea name=\"message\" required><\/textarea>  <\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> <input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\">  <\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> <script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey==typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts={ \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs=[ 'name', '', 'message' ];  \t\t\t\t\tfor( var i=0; i <inputs.length; i++ ) if( ! ( opts[inputs[i]]=document.querySelector( '.entry-submit-correction [name=\"' + inputs[i] + '\"]' ).value ) ) { \t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .required-message' ).style.display='block'; \t\t\t\t\t\treturn; \t\t\t\t\t}  \t\t\t\t\tdocument.querySelector( '.entry-submit-correction input[type=\"submit\"]' ).style.display='none'; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).src=firefly_loading_gif_url; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='inline-block';  \t\t\t\t\tconsole.log( 'ma subbing' );  \t\t\t\t\tif( firefly_post_id ) opts['post_id']=firefly_post_id;  \t\t\t\t\t\/* Send the data using post with element id name and name2*\/ \t\t\t\t\tvar posting=jQuery.post( firefly_ajax_url, opts );  \t\t\t\t\t\/* Alerts the results *\/ \t\t\t\t\tposting.done( function( response ) { \t\t\t\t\t\tif( response.success ) { \t\t\t\t\t\t\tconsole.log( response.data ); \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='none'; \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-confirm' ).style.display='block';  \t\t\t\t\t\t\tdataLayer.push( { 'event': 'submit-correction' } ); \t\t\t\t\t\t} \t\t\t\t\t}); \t\t\t\t}); \t\t\t} \t\t<\/script>  <\/div>\n<p>   <script>console.log(\"ad slot (BA1)\")<\/script> <\/p>\n<div class=\"ff-fancy-header-container\">  <\/div>\n<style> \t\t\t \t\t\t.insticator-unit.type-commenting{margin: 0 10px 25px 10px}@media screen and (max-width:1060px){#div-insticator-ad-cmt-1, #div-insticator-ad-cmt-2, #div-insticator-ad-cmt-3, #div-insticator-ad-cmt-4{margin: 0 auto 25px auto !important;}}#div-insticator-ad-cmt-1, #div-insticator-ad-cmt-2, #div-insticator-ad-cmt-3, #div-insticator-ad-cmt-4{height: 280px !important; width: 336px !important} \t\t<\/style>\n<div class=\"insticator-unit type-commenting\">\n<div class=\"insticator-ads\">   <script data-cfasync=\"false\" type=\"text\/javascript\"> \t\t\t\t\tif ( ! getCookie( \"ff_subbed\" ) ) { \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-1\"); \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-2\"); \t\t\t\t\t} else { \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-1\").remove() \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-2\").remove() \t\t\t\t\t} \t\t\t\t<\/script> <\/div>\n<div class=\"insticator-ads additional\">   <script data-cfasync=\"false\" type=\"text\/javascript\"> \t\t\t\t\tif ( ! getCookie( \"ff_subbed\" ) ) { \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-3\"); \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-4\"); \t\t\t\t\t} else { \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-3\").remove() \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-4\").remove() \t\t\t\t\t} \t\t\t\t<\/script> <\/div>\n<\/p><\/div>\n<\/section>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former President Donald Trump is set to address a group of economists on Thursday, arguing that he can reduce prices for Americans by easing regulations and increasing fossil fuel production if he secures a second term. The Republican presidential candidate will speak at the Economic Club of New York, following his recent appearance in a Fox News town hall where he claimed that his opponent, Vice President Kamala Harris, would drive major corporations out of the U.S. if elected. Trump has proposed reducing the corporate tax rate from 21 percent to 15 percent\u2014a move favored by businesses\u2014along with eliminating taxes on tips and Social Security income. When Trump took office in 2017, the corporate tax rate was 35 percent before he signed legislation to lower it.<\/p>\n<p>Trump and Harris have opposing views on corporate tax rates as they each argue their approach is more beneficial for American businesses. This difference is part of their broader contrasting economic policies, which are crucial in this election cycle. An AP-NORC poll from August indicated that Trump had a slight edge over Harris regarding who would better manage the economy; 45 percent of adults believed Trump would perform better compared to 38 percent for Harris.<\/p>\n<p>Harris advocates raising the corporate tax rate to 28 percent from its current level while focusing her policy proposals this week on fostering entrepreneurship, believing that simplifying business start-up processes will enhance middle-class prosperity. Economists have expressed concerns about Trump&#8217;s plan to impose tariffs aimed at bringing manufacturing jobs back to America; some warn these import taxes could exacerbate inflation despite his promises to lower costs. Inflation peaked at 9.1 percent in 2022 but has since decreased to 2.9 percent as of last month.<\/p>\n<p>The Biden administration has maintained tariffs on China established during Trump&#8217;s presidency and restricted exports of advanced computer chips there as well. While Harris supports a top capital gains tax rate of 28 percent, Biden aims nearly double it to 39.6 percent for investors earning over $1 million annually; both also seek an increase in another investment income tax rate.<\/p>\n<p>In New Hampshire on Wednesday, Harris proposed expanding tax deductions related to business start-up expenses and set an ambitious goal for creating 25 million new company applications within four years<\/p>\n","protected":false},"author":1,"featured_media":2337526,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/09\/252734d5e22745ad8fdc69a6c11060a8-scaled.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[9168,4021,3634],"class_list":["post-2337525","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-economy","tag-harris","tag-trump"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/09\/252734d5e22745ad8fdc69a6c11060a8-scaled.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2337525","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=2337525"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2337525\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2337526"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2337525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2337525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2337525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}