Kamala Harris and Donald Trump are close to finishing their presidential campaigns that will keep the whole world in suspense. What are their main proposals?
Kamala Harris and Donald Trump are the main presidential contenders of the USA, who are seeking to be in the White House from January 2025. Harris is from the Democratic Party and replaces the current US President, Joe Biden, who was seeking re-election with said party. However, He withdrew from his candidacy and his vice president was nominated for the elections.
For his part, Trump seeks to represent the Republicans and become president again until 2028, with purely conservative proposalson issues such as immigration and abortion.
However, it is a close race between these candidates, since since Kamala Harris is the Democratic candidate, polls show greater support among both undecided citizens and those who are aligned with this party.
While the following proposals are those made by both candidates in their 2016 and 2020 campaigns, they provide a glimpse into where each candidate is headed.
Kamala Harris vs. Trump.jpg
But what are the economic proposals of Kamala Harris and Donald Trump?
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Seeks to make healthcare, child care, senior care and family leave more accessible
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Promises elimination of airline surcharges, “junk fees” and forgiveness of student loan debt
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There will be relief for mortgages, tax credits and price controls in supermarkets
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Subsidy of US$25,000 and tax relief of US$10,000 for those who buy a home
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Eliminate algorithmic pricing tools to set rents
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End tax breaks for real estate investors
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Seeks to maintain a government-backed health insurance system in the United States, without eliminating private insurance
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Plans to increase existing tax deduction for small businesses
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Support the revenue-raising provisions in Joe Biden’s fiscal year 2025 budget proposal, which includes tax increases on wealthy Americans and large corporations
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$6,000 Child Tax Credit for Middle and Lower Class Families with One-Year-Old Children
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End tip taxes
But if Kamala Harris is elected in the November vote, her proposals would require approval by Congress, which would mean an obstacle if the Capitol remains divided.
Now, these are the proposals of Republican Donald Trump, who won the election in 2017 against Hillary Clinton and was in power until 2021.
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To improve the economy of American citizens, he seeks to implement measures to expel undocumented immigrants
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It would not allow known or suspected U.S. gang members, drug traffickers, or cartel members to be in the country or work formally.
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He will prioritize the fight against drugs, facing death sentences
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Seeks to close the Department of Education and send “all education, labor, and educational needs back to the states”
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Provide funding to schools that allow parents to elect principals, abolish tenure for K-12 teachers, use merit pay to incentivize quality teaching, and reduce the number of school administrators
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Funding free online classes with funds confiscated from private university donations
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Improve the medical system (Obamacare) by replacing it with another health care plan
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It would give families and young people a new opportunity to own a home with the creation of 10 cities on federal lands
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As for electric vehicles and the automotive sector, it would end the commitment to sustainable mobility to save the industry from “total destruction” and continue with the marketing of combustion cars.
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I would increase tariffs on China so that this country would lower taxes on the United States
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Within four years, China would gradually eliminate imports and reduce exports and investments to the country.
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TCJA Individual Income Tax Reduction
Source: Ambito
