Critics say Trump's tariffs are damaging to Americans. Harris is promoting the new economy dream of reducing the cost of living and giving everyone a chance to succeed.
Harris proposed comprehensive subsidies and tax incentives for the poor and middle class, such as raising the child tax credit to $3,000 and $6,000 for newborns; providing a $25,000 new home down payment subsidy for first-time homebuyers; capping the annual self-pay limit for prescription drugs at $2,000 for all citizens; building 3 million new affordable homes and rental housing for the middle class; and issuing the federal government's first ban on food price gouging. She accused Trump of imposing tariffs on other countries, which is equivalent to imposing consumption taxes on basic necessities across the United States, leading to an increase in annual expenses of $3,900 for ordinary American families.
Think tank warns: Trump's economic plan will hurt American businesses.
The Third Way, a left-leaning think tank in the United States, released a report stating that Republican presidential candidate Donald Trump's economic plan would harm businesses. The report from the Third Way states that Trump holds protectionist trade and anti-immigration (including skilled worker immigration) positions, and also claims that he wants to end the independence of the Federal Reserve. These statements should alert business leaders.
Well-known financial commentator: Three key indicators show that the rebound in US stocks is "stupid".
"All indicators show that the valuations of large US stocks are uncomfortably high. They are not only expensive relative to historical levels, but also compared to small stocks, foreign stocks, corporate bonds, and government bonds. It's time to stay away from large cap stocks."
Senior officials from the Federal Reserve are sounding the alarm for impending recession: warning signals for the economy and employment are flashing!
Next year, Piotr Gulczyński, the chairman of the Polish National Bank, stated that there is a risk of continuously rising unemployment rates. The Federal Reserve may need to cut interest rates before the job market weakens further, otherwise it may act too late and jeopardize the economy.
US stock market morning session | three major indexes opened low and rose, Nasdaq turned positive; WHO sounded the smallpox 'alarm'! Vaccine developers respond to the news with an increase in stock prices.
As of press time, the Dow Jones fell 0.12%; Nasdaq rose 0.08%; S&P 500 index fell 0.03%.
JPMorgan CEO Damian: Using the 'Buffett Rule' to combat the rich may be a solution to the US debt problem.
Damon believes that to reduce the financial burden, we can follow the Buffett rule and levy more taxes on the wealthy, that is, families with annual incomes exceeding 1 million US dollars should pay no less tax than middle-class families.