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White House candidates Kamala Harris And Donald Trumpthey bring agenda very different in their own ways economic policy on taxation and tariffs, although both agree on their interest in reducing inflation and avoid formulating specific proposals to reduce the bloated public debt.

These are some keys belonging economic program What each candidate represents:

1. Taxation

Donald Trump posing reduce tax partnerships from 21% to 15% for those companies that manufacture their products in the USA.

The Republican candidate is also proposing to eliminate taxes on monthly Social Security benefits because under current law, Social Security beneficiaries would have to pay taxes on 50 to 85 percent of their benefits.

In contrast, Harris expressed his idea about increase the tax rate corporations from 21 to 28%, while he promised not to raise taxes on American households earning $400,000 or less a year.

The Democrat is also proposing to increase the long-term capital gains tax rate to 28% for Americans earning $1 million or more and advocates a multimillion-dollar minimum tax for those whose net worth exceeds $100 million.

One of the main goals of the candidates is to fight inflation: for this, Harris plans to ban inflated prices in the country, and Trump promises to reduce prices for gasoline, groceries and other goods.

2. Tariffs

One of the most controversial economic proposals trump this is from raise tariffs on US imports from 10% to 20%, with this figure increasing significantly in the case of products from China (60%) and imports from US companies that move their production to Mexico (200%).

This has been criticized by analysts who say it could add to the United States’ large national debt, and many have even questioned its legality since the country’s Constitution gives the power to impose tariffs to Congress, not the president.

For my part, Harris did not go into detail on this issue, although Joe Biden’s government has retained most of the tariffs of Trump’s last presidency over those four years.

4. Support for new companies and the middle class
Harris focused his economic speeches on his desire stimulate the creation of new small businessesto which he promises a tax deduction of $50,000 (ten times the current $5,000 cut).

Additionally, the Democrat has set a goal of creating 25 million new apps for small businesses in the first two years of her presidency.

On the other hand, Harris proposes giving families a tax credit of $6,000 per newborn child during the first year of life and reinstating another tax credit of $3,600 per child for middle and lower class families.

Bye, Donald Trump poses limit temporarily interest rates credit cards to about 10% and eliminate tax deductions for auto loan interest to help middle-class Americans.

5. Housing

On the housing issue, Harris offers to give 25,000 buyers first property, while proposing to create 3 million new housing units over the next four years.

Bye, trump offers tax benefits for home buyers and aims to reduce inflation and end illegal immigration to reduce high costs in the real estate market.

6. Health

Regarding health, Kamala Harris wants to expand subsidies under the Affordable Care Act, known as Obamacare, which helps low- and moderate-income people. get health insurance.

Harris proposes that the Medicare senior health program cover the costs of in-home caregivers and also extend the $35 cap on insulin costs beyond that plan’s members.

For my part, trump did not provide details about his health care program (when asked about this during the presidential debate, he said he had a “concept of a plan” that he had not yet developed).