Kamala Harris's Economic Plan: A Recipe for Disaster
Submitted by MAGA
Posted 100 days ago
In a brazen move that sets the stage for a heated election season, Vice President Kamala Harris has unveiled her economic plan, which she claims will create an "opportunity economy" by lowering everyday costs for families.
Her proposals, aimed at middle-class voters in Raleigh, North Carolina, include a ban on price gouging in grocery stores, a new $6,000 child tax credit for families, and $25,000 in support for first-time home buyers.
However, critics, including prominent Republican voices, have swiftly condemned her plan, arguing that it leans dangerously close to government price fixing and fiscal irresponsibility.
Kevin Hassett, a former economic advisor to President Trump, pointed out the pitfalls of having the government meddle in pricing, stating, "Having the government set prices is a really, really big mistake."
Moreover, the Committee for a Responsible Federal Budget has estimated that the implementation of Harris’ proposals could balloon deficits by an alarming $1.7 trillion over the next decade.
These staggering figures contrast sharply with former President Donald Trump’s economic policies, which focus on tax cuts and deregulation to foster job creation and economic growth.
Harris attempted to frame her agenda as a direct response to Trump’s policies, dubbing his tariffs a "Trump tax" and accusing him of advocating for the wealthy at the expense of working families.
Yet, her sweeping distaste for Trump’s pro-business strategies seems to undermine her ambitious monetary vision.
As the clock ticks down to the 2024 presidential election, this stark economic divide highlights a pivotal moment: with Harris now poised to take credit for the Biden administration's economic accomplishments, she faces a monumental challenge in shadowing Trump’s track record of job growth and tax reform.
With a mere 90 days until voting day, Americans will soon have to choose between Harris’s government-centric approach and Trump’s free-market solutions.
Sources:
cnbc.com
dailycallernewsfoundation.org
pjmedia.com
Her proposals, aimed at middle-class voters in Raleigh, North Carolina, include a ban on price gouging in grocery stores, a new $6,000 child tax credit for families, and $25,000 in support for first-time home buyers.
However, critics, including prominent Republican voices, have swiftly condemned her plan, arguing that it leans dangerously close to government price fixing and fiscal irresponsibility.
Kevin Hassett, a former economic advisor to President Trump, pointed out the pitfalls of having the government meddle in pricing, stating, "Having the government set prices is a really, really big mistake."
Moreover, the Committee for a Responsible Federal Budget has estimated that the implementation of Harris’ proposals could balloon deficits by an alarming $1.7 trillion over the next decade.
These staggering figures contrast sharply with former President Donald Trump’s economic policies, which focus on tax cuts and deregulation to foster job creation and economic growth.
Harris attempted to frame her agenda as a direct response to Trump’s policies, dubbing his tariffs a "Trump tax" and accusing him of advocating for the wealthy at the expense of working families.
Yet, her sweeping distaste for Trump’s pro-business strategies seems to undermine her ambitious monetary vision.
As the clock ticks down to the 2024 presidential election, this stark economic divide highlights a pivotal moment: with Harris now poised to take credit for the Biden administration's economic accomplishments, she faces a monumental challenge in shadowing Trump’s track record of job growth and tax reform.
With a mere 90 days until voting day, Americans will soon have to choose between Harris’s government-centric approach and Trump’s free-market solutions.
Sources:
cnbc.com
dailycallernewsfoundation.org
pjmedia.com
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