FORMER PRESIDENT TRUMP'S ECONOMIC PLAN
Donald Trump said economic policies he would enact in a second term would create an environment to "steal" manufacturing jobs that have moved overseas through tax cuts and tariffs.
In a speech in front of 2500 raucous supporters in Savannah Georgia on Tuesday, Trump shared his ideas for a "manufacturing renaissance" that he says would bring millions of jobs back to the U.S. from overseas.He continues to say " With the vision I'm outlining today, not only will we stop our businesses from leaving for foreign lands, but under my leadership. we're going to take other countries' jobs." Did you ever hear that expression before? It's never being said before. - We're going to take their factories? And we had it really rocking 4 years ago? He continues " we're going to bring thousands and thousands of businesses and trillions of dollars in wealth back to the good ole "USA."
Well the truth is, In 2016 President Obama left an economy that was thriving and strong, so President Trump actually had it easy until the pandemic hit us, leaving a debilitated and devastated economy to President Biden, only because he refused to acknowledge that we had a pandemic that needed his attention instead of denial.
Trump also called for lowering the corporate tax rate from 21% to 15% for "those who make their product in the USA," and continued a push for "substantial tariffs" on imported goods and proposed manufacturing zones on FEDERAL LAND "with ultra- low taxes and regulations for American producers and farmers. (meaning a higher inflationary plan, with regulations and substantial tariffs, production costs increase and companies may raise prices to cover those costs)
"We're going to use our resources to our benefit," Trump said, also touting fewer environmental regulations around manufacturing, he continues to say
Trump also called for lowering the corporate tax rate from 21% to 15% for "those who make their product in the USA," and continued a push for "substantial tariffs" on imported goods and proposed manufacturing zones on FEDERAL LAND "with ultra- low taxes and regulations for American producers and farmers. (meaning a higher inflationary plan, with regulations and substantial tariffs, production costs increase and companies may raise prices to cover those costs) Not to mention a real Inflation inviting a RECESSION mid year.
"In order to make his plan work, he will increase the debt to 8 TRILLIONS MORE.
Trump will slash Environmental protection to boost mining of rare earth elements. Meaning Climate change will increase at rapid rates. He intends to enact what in effect is a National Sales ----call it a Trump tax --that would raise prices on middle-class tax cut by almost $4,000 a year.
KAMALA HARRIS' ECONOMIC PLAN
SMALL BUSINESS TAX CREDIT: Harris reiterated a $50,000 tax deduction for new small businesses, setting a goal of 25 million new small business applications in the first two years of her potential presidential term.GROCERY PRICES: She would work in the first 100 days to help congress pass a national ban on "price gouging" for food, give the Federal Trade Commission and prosecutors authority to go after companies they determine to have price gouged, support small businesses in the industry, take a closer look at mergers between big grocery companies and "aggressively" investigate price-fixing in meat supply chains specifically.
HOUSING COST: She will provide $25,000 in down payment assistance for first-time home buyers and is calling for the creation of three million new housing units within the next four years. proposing a tax credit for developers who build starter homes and investing $40 billion in an "innovation fund" to tackle housing shortages. As mortgage rates decline, "will make it just a little easier for families to buy a home."
RENTAL COST: She would expand a tax credit for housing developers who build affordable housing rental units and is calling on Congress to pass legislation to stop allegedly predatory investors who buy up rental homes and collude with each other to raise rental prices.CHILD TAX CREDIT: Giving families a $6,000 tax credit for newborns in their first year of life and restoring a pandemic-era tax credit of $3,600 per child for middle and lower-class families.
TAXES: Expand the Earned Income Tax Credit for workers in low-income jobs, which would cut taxes by up $1,250 and not to raise taxes on American households earning $400,000 or less annually and does support raising taxes for high earners and corporations.
NO TAX ON TIPS: Endorsed a plan to get rid of taxes on tips for hospitality and service workers.
PRESCRIPTION DRUG PRICES: Proposed a $35 cap on insulin and capping out-of-pocket expenses on prescription drugs at $2,000 per year, also would speed up Medicare negotiations already in place by the Biden Administration on the price of prescription drugs.
HEALTHCARE: Announced her intentions to work with states to cancel Americans' medical debt, in addition to expanding subsidies for Affordable Care Act plans that would save health insurances customers an average of $700 on their health insurance premiums.
PAID LEAVE: Co-sponsored a 12-week paid week legislation,
MINIMUM WAGE: raising the minimum wage
FED INDEPENDENCE: She will keep the Federal Reserve as an independent agency and as president would never interfere in the decisions that the Fed makes.
All of this without affecting negatively our natural resources. It is a win for Climate, Clean Energy Manufacturing, Farmers, Animals, and the Middle Class. A more affordable, prosperous country that truly invests in our communities,. Her plan supports lower energy costs by helping Americans get free of costly fossil fuels and access clean energy options that are cheaper and longer-lasting.
THE CHOICE IS YOURS.
GLORIA ALPHONSO Miami Review News |