Audio By Carbonatix
We heard a lot on Friday from both Kamala Harris and Donald Trump on what their plans are for the US economy.
Unsurprisingly, the economy - and especially costs of living - have been key concerns for American voters this election.
But how do their plans differ? Here is a quick breakdown on what each candidate is proposing:
Democratic nominee Harris:
- Harris has stated that her day-one priority would be to reduce food and housing costs for working families. She has planned on doing so by banning gouge-pricing on groceries, helping first-time home buyers and increasing the minimum wage
- She has vowed to raise taxes on big businesses and Americans making $400,000 (£305,000) a year, while raising the capital gains tax slightly to 28%. Harris has also promised to expand child tax credits for families and cut taxes for small businesses
- On trade, Harris has indicated she will have a targeted approach on taxing imports - like the current Biden-Harris tariffs on Chinese imports like electric vehicles
Republican nominee Trump:
- Trump has also tackled high costs of living, pledging to "end inflation and make America affordable again". Among his plans are increasing oil drilling, which he says will lower energy costs.
- He also promised to deport migrants, which he says will ease pressure on housing, and has vowed to remove taxes on tips and social security benefits for seniors
- He has proposed tax cuts worth trillions, including an extension of a tax cut he enacted in 2017 that mostly helped the wealthy. Trump says these taxes will be paid by higher tariffs on imports - a plan that economists have warned will add to the US ballooning deficit and that would push up prices for consumers
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Ghana is rising again – Mahama declares
4 hours -
Firefighters subdue blaze at Accra’s Tudu, officials warn of busy fire season ahead
4 hours -
New Year’s Luv FM Family Party in the park ends in grand style at Rattray park
4 hours -
Mahama targets digital schools, universal healthcare, and food self-sufficiency in 2026
5 hours -
Ghana’s global image boosted by our world-acclaimed reset agenda – Mahama
5 hours -
Full text: Mahama’s New Year message to the nation
5 hours -
The foundation is laid; now we accelerate and expand in 2026 – Mahama
5 hours -
There is no NPP, CPP nor NDC Ghana, only one Ghana – Mahama
5 hours -
Eduwatch praises education financing gains but warns delays, teacher gaps could derail reforms
6 hours -
Kusaal Wikimedians take local language online in 14-day digital campaign
6 hours -
Stop interfering in each other’s roles – Bole-Bamboi MP appeals to traditional rulers for peace
7 hours -
Playback: President Mahama addresses the nation in New Year message
7 hours -
Industrial and Commercial Workers’ Union call for strong work ethics, economic participation in 2026 new year message
9 hours -
Crossover Joy: Churches in Ghana welcome 2026 with fire and faith
9 hours -
Traffic chaos on Accra–Kumasi Highway leaves hundreds stranded as diversions gridlock
9 hours
