Vice President Kamala Harris is playing up her street cred as a capitalist.
A person waits in a line for a prospective employer at a job fair, Thursday, Aug. 29, 2024, in Sunrise, Fla. Attacked by Harris as a rich kid who got $400 million from his father on a “silver platter,”The two presidential candidates are set to deliver dueling speeches on Wednesday that reflect how they're honing their economic messages for voters in battleground states.
The candidates are each emphasizing the economy at a time when polls show that it is one of the most important issues for voters as they consider who to support. ABoth are eager to embrace an image as tax cutters and are accusing the other of backing massive tax hikes on the middle class. It's a meaningful shift in messaging as inflation concerns have ebbed somewhat with the Federal Reserve cutting its benchmark interest rates last week.
Trump initially stressed the importance of increasing oil production and cutting corporate tax rates and preserving tax breaks for the wealthy to spur economic growth. But in recent days,. In addition to wanting no taxes on tips, Social Security or overtime pay, he wants to limit the interest rate on credit cards to 10% and set up low-tax zones on federal lands to lure employers.
Harris has shown that two can play that game. She labeled his call for tariffs a “national sales tax,” as it could increase the cost of coffee, clothes, electronics, autos and almost anything that gets imported or depends on imported parts. Her campaign likes to cite an analysis that originated with Brendan Duke of the Center for American Progress that estimated a 20% universal tariff would cost a typical family almost $4,000 a year.
Kamala Harris 2024 United States Presidential Election Elections Donald Trump Politics Mark Cuban Business
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