Tedrick

What are the economic policy proposals of each candidate? I have a new video up on who is spending whatm how they plan to pay for it, and what each economic future would look like, depending on who wins. The CRFB put together a fantastic analysis on this - over ten years, the proposals from Harris will increase the debt by ~$4T. Trump will increase it by ~$7T. Harris is better for the long-term strength of the economy, especially through the lens of spending. Both candidates have very different spending plans- Harris has a lot of social spending, Trump has tax cuts. They also have very different ways to pay for things - Trump loves tariffs*, Harris likes taxes. Harris is a lot of social spending - she plans to extend tax cuts for those making < $400k, expand CTC and EITC, expand the ACA, supporting affordable housing, no tax on tips, raise minimum wage, support small businesses, improve border security, expand pre-K and childcare, establish paid family and medical leave, and support education. This will cost ~$7.6T She will pay for this through increasing the corporate tax rate from 21% to 28%, increasing taxes on capital income, NIIT, and raising the medicare payroll surtax, reforming international tax rules, and lowering prescription drug costs. This will generate ~$4.2T This will cost about ~$550b in higher interest payments. So in total, her plan costs $7.6T - $4.2T + $550b = $3.9T (Penn Wharton estimates $1.2T) Trump is a lot of tax cuts. He will extend and modify the TCJA, costing $5.35T, exempt overtime income from taxes, end taxation of social security benefits, lower corp tax rate to 15% for domestic manufacturers, other tax breaks, strengthen the military, secure the border, provide credits to first-time homebuyers, pay for IVF, and improve long term care. This will cost $10.4T. He will pay for this through 10-20% flat tariffs + 60% tariff on China (which as we know from @Brendan_duke will cost the avg American about ~$4000). This is expected to generate $2.7T. He also wants to reverse current energy/environment policies, reduce fraud, and end the department of education. This will all together will generate $3.7T. This will cost $1T in higher int payments. So in total, his plan costs $10.4T - $3.7T + $1T = $7.7T (Penn Wharton estimates $5.8T) So Trump is spending a lot more, but his policies benefit fewer people. According to ITEP, the average tax changes vary widely between the two candidates’ plans. For example: The middle fifth of Americans would receive an average tax cut of $1,980 under Harris’ plan and an average tax increase of $1,530 under Trump’s plan. The bottom fifth of Americans would receive an average tax cut of $1,130 under Harris’ plan and an average tax increase of $790 under Trump’s plan. The top 1 percent of Americans would receive an average tax increase of $121,460 under Harris’ plan and an average tax cut of $36,320 under Trump’s plan These are all ballpark numbers. In the video I go into more detail about the economic impact of raising the deficit and the breakdown of what this spending could look like for the future. It's a great election day watch because I am sure everyone wants to hear about deficits right now and wants to think in decades instead of days. Great.

If you happen to live with, know or be acquainted with an undecided voter or Republican who is on the fence about whether or not to vote for Kamala Harris, please show them this argument from Florida voter @DavidMarkoMiami. This should do the trick.👇🏼