Harris wants to upgrade America's economy. Trump wants to blow it up and start over

Vice President Kamala Harris and Former President Donald Trump are presenting starkly different visions for the American economy. Harris's plan focuses on gradual adjustments aimed at increasing affordability, including bigger tax credits for parents, a higher minimum wage, more housing, and additional small business loans. Trump's strategy involves sweeping changes, such as mass deportations, high tariffs, and extensive tax cuts.

The two campaigns offer voters a clear choice: Harris's moderate economic adjustments versus Trump's radical overhaul. Economists warn that Trump's plans could cause significant disruptions, pointing to the potential inflationary effects of his policies, including mass deportations and tariffs. Moreover, there are concerns that these measures might lead to recessionary issues.

Economists favor Harris's approach, describing it as superior to Trump's. Under Trump's proposed policies, the cost of living may rise. Mass deportations could exacerbate the housing shortage by impacting employment, while tariffs could result in increased consumer prices. Trump's tariffs repeatedly target major trading partners, escalating potential retaliatory actions.

The candidates also differ sharply on tax policy. Harris proposes partial continuation of Trump's 2017 tax cuts, with modifications for higher earners and corporations. Trump, however, wants to fully extend his tax cuts and reduce corporate taxes further, proposing various targeted tax breaks that could amplify the federal debt significantly.

Despite differing policies, Trump's message appears to appeal to a portion of the electorate discontented with the current state of the nation, as he promises bold changes to the cost of living. Yet, experts caution Trump’s strategies might not solve underlying issues and could worsen economic conditions.