Raise taxes on the rich or cut them? Harris, Trump differ on how to boost the US economy
Donald Trump is betting that Americans crave trillions of dollars in tax cuts — and that growth will be so fantastic that it’s not worth worrying about budget deficits
By JOSH BOAK
Published - Sep 04, 2024, 12:02 AM ET
Last Updated - Dec 16, 2024, 07:37 PM EST
WASHINGTON (AP) — Donald Trump is betting that Americans crave trillions of dollars in tax cuts — and that growth will be so fantastic that it's not worth worrying about budget deficits.
In short, he's hoping that most economic analyses of his ideas are dead wrong.
Vice President Kamala Harris believes that big corporations and the ultra-wealthy should pay more in taxes — and wants to use those revenues to help spur the construction of 3 million homes and offer tax breaks for parents.
She's hoping to deliver on the types of policies that President Joe Biden has been unable to secure in a lasting way.
