U.S. voters have a choice this November between two disparate economic plans.
Vice President Kamala Harris calls for greater taxes on the ultra-wealthy and a 28-percent corporate tax rate. She’s earmarked that revenue for stimulating new home construction and funding a home buyer assistance program. She also wants to expand the child tax credit.
In contrast, former President Donald Trump wants greater tax cuts and an end to taxes on social security income. His plan calls for the corporate tax rate to drop to 15 percent.
He’s also calling for at least a 10-percent tariff on all imported goods to stimulate domestic manufacturing. He believes the economy will boom under his policies, saying it will grow by 3 percent annually.
The former president asked voters yesterday to picture a world if he had been in the White House – no inflation and no wars.
A recent Associated Press poll found that 45 percent of voters believe Trump handles the economy better while 38 percent prefer Harris.