2024 Election Insights | Trump on Taxes, Tariffs, & Harris’ Economic Plans

While tax policy was almost nonexistent in the first debate between Vice President Kamala Harris and former President Donald Trump, this episode will explore each candidate’s latest proposals in greater depth.
We’ll break down Kamala Harris's updated tax plan, highlighting her capital gains adjustments and new deductions for startups. We’ll also take a closer look at Trump’s plans for tax cuts and tariffs, discussing what they could mean for American families and businesses.
Erica York, Senior Economist and Research Director, joins Kyle Hulehan to discuss the debate. We’ll highlight the key issues likely to be discussed and consider the serious implications for national debt and economic growth.
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[@TaxFoundation]

Learn more about where the 2024 candidates stand on taxes: taxfoundation.org/research/federal-tax/2024-tax-plans/ Donald Trump: taxfoundation.org/research/all/federal/donald-trump-tax-plan-2024/ Kamala Harris: taxfoundation.org/research/all/federal/kamala-harris-tax-plan-2024/

[@benjaminlehman3221]

I fully support the entire removal of the cap gains rate, no income should be taxed differently. It doesn’t matter how you got it.

[@krs1968dec]

1000% agree

[@trayloningram529]

Whose tax plan is better for the majority of people ?

[@stevelee9253]

This is how Tariff works: 1. Slamming Tariff brings manufacturing back to US 2. US firms make money and pay their employees 3. People have money to spend on domestic products. 4. China goes so broke their products become valueless. (This is what Trump has done, and why our labor market is still surviving) Reverse this: 1. Chinese electric cars flood in to US 2. Consumers buy cheap Chinese cars and Ford, GM, Tesla go broke 3. No more employees 4. No money to even buy the cheap Chinese cars 5. Chinese make so much money they bribe US politicians to abandon their own country. (This is what the democrats are aiming for) This is what happened for a long time, especially after Bill Clinton let the GLOBALISTS make profit by introducing Chinese products and sacrificing US companies.

[@jenniferfisher7455]

Trump auditing our government for tax waste is brilliant. Trillion go missing, and no one is held accountable. When other countries tax us more, it seems like America loses money.

[@johnvance8235]

In response to the Trump Tariffs didn't China devalue the Yen, Making it cheaper for US Dollar purchases thereby eating the tariff?