In the upcoming 2024 White House race, both Kamala Harris and Donald Trump have outlined their economic agendas aimed at making goods and housing more affordable for Americans, albeit through markedly different strategies. Kamala Harris focuses on supporting the middle class by expanding the child tax credit, providing first-time homebuyers with a down payment contribution, and implementing a federal ban on price gouging. Conversely, Donald Trump plans to extend his tax cuts, introduce new ones for corporations and certain workers, and impose a broad tariff on imports while pledging to address the housing shortage by increasing construction and deporting illegal immigrants.
- Kamala Harris aims to strengthen the middle class as a central goal of her presidency.
- Harris proposes expanding the child tax credit, offering a $6,000 break for parents with infants.
- She plans to assist first-time homebuyers with a $25,000 government contribution towards a down payment.
- A federal ban on price gouging on everyday items, including groceries, has been promised by Harris.
- Harris’s proposals would be funded by increasing taxes on individuals earning more than $400,000 annually.
- Donald Trump intends to extend his tax cuts and introduce new ones for corporations and specific workers.
- Trump has promised to eliminate taxes on tips for certain service workers.
- He proposes a 20% tariff on all imports, a cost economists say would likely be passed on to consumers.
- Trump’s plan to address the housing shortage includes constructing three million new homes and rentals.
- He also plans to free up housing space by deporting millions of illegal immigrants residing in the U.S.
France 24 is an international television network and news website owned by the French state.
Official website: https://www.france24.com/en/
Original video here.
This summary has been generated by AI.
