Raise taxes on the rich or cut them? Harris, Trump differ on how to boost the US economy
abcnews.go.comDonald Trump is betting that Americans crave trillions of dollars in tax cuts — and that growth will be so fantastic that it’s not worth worrying about budget deficits
WASHINGTON — WASHINGTON (AP) — Donald Trump is betting that Americans crave trillions of dollars in tax cuts — and that growth will be so fantastic that it's not worth worrying about budget deficits.
In short, he's hoping that most economic analyses of his ideas are dead wrong.
Vice President Kamala Harris believes that big corporations and the ultra-wealthy should pay more in taxes — and wants to use those revenues to help spur the construction of 3 million homes and offer tax breaks for parents.
She's hoping to deliver on the types of policies that President Joe Biden has been unable to secure in a lasting way.
The two presidential nominees are using the week before their debate to sharpen their economic messages about who could do more for the middle class. Harris will discuss her policy plans Wednesday in Portsmouth, New Hampshire, while Trump will address the Economic Club of New York on Thursday.
The economy has historically been a dominant issue in presidential elections. In an August survey by The Associated Press-NORC Center for Public Affairs, Trump did narrowly better on the economy with 45% saying he would handle it better and 38% saying Harris would.
There are high stakes in this showdown because the winner of November's election could rewrite much of the federal tax code next year, when parts of Trump's 2017 tax cuts are set to expire.
A look at the candidates' proposals:
Trump and Harris have different ways of trying to help the middle class.
The former Republican president sees tax cuts for businesses and the wealthy as essential for
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