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Saurban > Blog > Politics > Trump and Harris clash on economy, starting with corporate taxes
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Trump and Harris clash on economy, starting with corporate taxes

San Antonio Urban Editorial Team
Last updated: 2024/09/05 at 4:30 PM
San Antonio Urban Editorial Team Published September 5, 2024
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Trump and Harris clash on economy, starting with corporate taxes

Donald Trump Speaks to Economic Club of New York About Lowering Prices for Americans

Former President Donald Trump is set to make his case to a group of executives and industry leaders about how he plans to bring down prices for Americans by lifting regulations and increasing the production of fossil fuels in a potential second term.

Trump, the GOP presidential nominee, recently spoke at a town hall on Fox News where he expressed concerns that his opponent, Vice President Kamala Harris, might discourage large companies from operating in the U.S. if elected.

One of Trump’s proposals includes reducing the corporate tax rate from 21% to 15%, a move welcomed by many companies. His opponent, Harris, has suggested raising the rate to 28%, emphasizing a focus on promoting entrepreneurship to boost middle-class prosperity.

The two candidates have differing views on various economic policies, including tariff impositions and tax rates. Trump aims to cut costs through tariffs, while Harris advocate for higher taxes on capital gains and investment income.

Despite their differences, recent polls show Trump having a slight edge over Harris in terms of who would better handle the economy. However, both candidates have strong support bases and continue to push their economic agendas in the lead-up to the election.

It remains to be seen how these economic policies will impact the American workforce and businesses, as the country heads towards a crucial election season.

Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.

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San Antonio Urban Editorial Team September 5, 2024 September 5, 2024
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