Promised “lower taxes, bigger paychecks, and more jobs for American workers” by enacting universal baseline tariffs that “reward domestic production” and tax foreign companies.

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• Said he would lower interest rates.
• Claimed to have achieved the lowest unemployment rate in 50 years — 3.5% with 6.4 million added jobs before the pandemic.
• During his presidency, federal debt held by the public rose from $14.4 trillion to $21.6 trillion, influenced by Trump’s tax cuts, particularly his slashes to the corporate tax rate, according to the Annenberg Public Policy Center’s FactCheck project.
• Trump is proposing tax cuts for big businesses and the wealthy to spur investment.
• He said his tax cuts would garner 3% growth, a milestone he did not reach in his first term.
• Trump has proposed broad tariffs to encourage domestic manufacturing.
• He has proposed no taxes on tips or Social Security income.

Harris

• Shortly after taking office as vice president for Biden, the administration signed the American Rescue Plan, a $2 trillion stimulus package that delivered checks to Americans, boosted unemployment insurance benefits and expanded the child tax credit.
• Inflation peaked at a four-decade high of 9% in summer 2022 but has since receded to around 3.5%.
• Congress passed the Inflation Reduction Act in August 2022, which invested in clean energy that the White House estimates created 117,000 jobs and will reduce Americans’ energy costs by as much as 9% by 2030.
• Harris has said inflation was a high priority for the administration. “The President and our administration’s probably highest priority is bringing down the price of gas and cost of living,” Harris said.
• During her time as a senator, Harris tried to get a bill passed where tax credits up to $6,000 would be available for middle- and low-income households.
• Harris has also been a strong proponent of forgiving student debt, spearheading the Biden administration’s move to abolish debt for several hundred thousand students at Corinthian Colleges.
• In 2017, she co-sponsored Bernie Sanders’ proposal for free college for middle-class students at four-year public schools and all who attended two-year institutions.
• Harris wants to raise taxes on the wealthy and big businesses to fund investments in housing and tax credits for parents.
• She has proposed more financial assistance for first-time homebuyers and expanded tax credits for parents.
• She also wants to cut taxes for small businesses and entrepreneurs.
• Harris wants to remove taxes on tips.