Rural Radio Network on Nostr: Harris-Trump debate: Economists assess attacks over inflation, tariffs ========== The ...
Harris-Trump debate: Economists assess attacks over inflation, tariffs
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The debate on September 10, 2024, featured Vice President Kamala Harris and former President Donald Trump discussing the economy; Harris criticized Trump's tariff plan, labeling it a 'Trump sales tax' with a potential 20% increase on goods; Trump proposed tariffs of at least 60% on Chinese goods; Economists confirmed tariffs generally raise consumer prices but disputed Harris's 20% estimate; Trump claimed current inflation is the worst in history, which economists refuted, citing higher inflation in the 1980s; Economists attributed inflation to supply-demand imbalances post-COVID-19; Harris stated Trump left the worst unemployment since the Great Depression, but economists noted the unemployment rate peaked at 14.8% in April 2020 and fell to 6.4% by January 2021; Economists indicated the economy was recovering when Biden took office; Both candidates criticized each other's lack of detailed economic plans; Harris proposed a $25,000 subsidy for first-time homebuyers and a 28% tax on long-term capital gains; Trump plans to renew his tax cuts and eliminate taxes on tips and Social Security benefits.
#Debate #Economy #Inflation #Tariffs #Harris #Trump #2024Election #EconomicPolicy #Unemployment #Covid19
https://ruralradio.com/ktic/abc_news/harristrump-debate-economists-assess-attacks-over-inflation-tariffs-abcidb0911dca/
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The debate on September 10, 2024, featured Vice President Kamala Harris and former President Donald Trump discussing the economy; Harris criticized Trump's tariff plan, labeling it a 'Trump sales tax' with a potential 20% increase on goods; Trump proposed tariffs of at least 60% on Chinese goods; Economists confirmed tariffs generally raise consumer prices but disputed Harris's 20% estimate; Trump claimed current inflation is the worst in history, which economists refuted, citing higher inflation in the 1980s; Economists attributed inflation to supply-demand imbalances post-COVID-19; Harris stated Trump left the worst unemployment since the Great Depression, but economists noted the unemployment rate peaked at 14.8% in April 2020 and fell to 6.4% by January 2021; Economists indicated the economy was recovering when Biden took office; Both candidates criticized each other's lack of detailed economic plans; Harris proposed a $25,000 subsidy for first-time homebuyers and a 28% tax on long-term capital gains; Trump plans to renew his tax cuts and eliminate taxes on tips and Social Security benefits.
#Debate #Economy #Inflation #Tariffs #Harris #Trump #2024Election #EconomicPolicy #Unemployment #Covid19
https://ruralradio.com/ktic/abc_news/harristrump-debate-economists-assess-attacks-over-inflation-tariffs-abcidb0911dca/