Election News

Harris Is Making A ‘Capitalist’ Pitch To Boost The Economy As Trump Pushes Deeper Into Populism

Published

1 month ago

2024-10-06

PITTSBURGH — As she pushed back against Republican contender Donald Trump’s charges that she’s advocating “communist” ideals, Vice President Kamala Harris committed on Wednesday to develop an economy that is both pro-business and aids the middle class.

The Democratic nominee stated in remarks at the Economic Club of Pittsburgh in battleground Pennsylvania that she “would take good ideas from wherever they come” as she promised to double the number of people taught in registered apprenticeships and underlined her support for increased home ownership.

“As president, I will be grounded in my fundamental values of fairness, dignity and opportunity,” Harris told the crowd. “And I promise you, I will be pragmatic in my approach.”

Harris Is Making A ‘Capitalist’ Pitch To Boost The Economy As Trump Pushes Deeper Into Populism

A little more than an hour before her address, Trump visited a furnituremaker in Mint Hill, North Carolina, and presented his own competing economic agenda. He defended his proposal for a special lower tax rate for American manufacturers and promised to apply tariffs high enough to result in an “exodus” of auto production employment from Japan, Germany, and South Korea.

“I’m imposing tariffs on your competition from foreign countries, all these foreign countries that have ripped us off, which stole all of your businesses and all of your jobs years ago,” Mr. Trump added.

The two candidates’ dueling remarks demonstrated how they’re polishing their economic messaging for voters in battleground states. Both are attempting to deflect criticism while presenting their best cases to a public nonetheless concerned about the economy’s health. Trump is focused on U.S. dominance over international competitors, whereas Harris emphasizes the significance of assisting the middle class and entrepreneurs.

Harris later spoke with MSNBC and responded to Trump’s request for tariffs, stating, “You don’t just throw around the idea of, just tariffs across the board.” She said of her opponent, “He’s just not serious about very many of these issues.”

In the interview, the vice president also reiterated her desire for higher corporate tax rates, stating, “I’m not mad at anyone for succeeding, but everyone should pay their fair share.”

Those statements came after Harris’ address, which focused on her overall worldview and what she hopes to achieve for the economy. That contrasted with Trump’s, which was more freestyle, including insinuations about an Iranian connection to the two assassination attempts on him.

If elected, the former president promised to reduce the corporation tax rate from 21% to 15% for domestically produced goods. The Republican nominee said that his support for wide tariffs as high as 20% had made him an international target.

“This is why people in countries want to kill me,” he told me. “They’re not happy with me.”

The candidates are each emphasizing the economy at a time when surveys show it to be one of the most important concerns for voters to consider when deciding who to vote for. According to a recent AP-NORC poll, neither candidate has a clear advantage in public opinion on this topic.

Both claim that their respective approaches will do more to ensure that the United States economy, not China’s, dominates the globe in this century. Both are eager to project an image of a tax cutter and accuse the other of supporting enormous tax increases on the middle class. It’s a significant shift in message, as inflation concerns have subsided after the Federal Reserve dropped its benchmark interest rate last week.

Harris rebutted Trump by stating that she is a capitalist who supports a “active partnership between government and the private sector.” It was said that Trump has “no intention to grow our middle class — he’s only interested in making life better for himself and people like himself.”

The Democratic contender intends to provide $100 billion in tax credits and other incentives to boost US manufacturing and emerging technologies, according to a source familiar with her ideas who spoke on the condition of anonymity. She plans to release a pamphlet outlining her economic vision.

In other news, billionaire Mark Cuban stated that he and other business executives support Harris because she has taken thoughtful positions that firms can understand, even if they disagree.

“I want a president who, for business, goes into detail and has a policy team that understands all of the ramifications of what’s been proposed,” Cuban said on a Harris campaign-organized press call Tuesday.

The Harris campaign’s efforts to demonstrate business support have coincided with Trump’s in proposing a slew of populist proposals. In addition to eliminating taxes on tips, Social Security, and overtime pay, Trump wants to limit credit card interest rates to 10% and create low-tax zones on federal lands to attract employers. Trump also wants to repeal the cap on state and local tax deductions, which he enacted into law while president in 2017.

Both candidates perceive an opportunity to criticize each other’s tax proposals. Trump recently called Harris the “tax queen.” She proposes raising the corporation tax rate from 21% to 28%, as well as taxing unrealized capital gains for those worth more than $100 million. She would use the proceeds from that and other programs to extend tax cuts for the middle class that are slated to expire after 2025, as well as to provide new tax benefits to parents and entrepreneurs. Many of her programs are based on concepts originally offered by President Joe Biden.

Trump says that her proposed tax increases will eventually benefit the middle class.

“She’s coming for your money,” he warned a crowd on Monday. “She’s coming for your pensions, and she’s coming for your savings.”

Harris demonstrated that two can play the game. She dubbed his tariff proposal a “national sales tax,” claiming that it would raise the cost of coffee, clothing, electronics, automobiles, and practically anything else that is imported or relies on imported parts.

Her campaign frequently cites an analysis by Brendan Duke of the Center for American Progress, which found that a 20% universal tariff would cost the average household about $4,000 per year. According to calculations based on Treasury Department data, that amount would essentially increase middle-income earners’ overall federal taxes by 50%.

Trump has long portrayed himself as someone who will reduce restrictions, but Harris stated Wednesday that she would do the same because “whether it’s a new housing development, a new factory, or a new bridge, projects take too long to go from concept to reality.”

“China is not moving slowly,” Harris explained. She also stated that she would reform permitting and reduce red tape since “patience may be a virtue, but not when it comes to job creation or America’s competitiveness.”

SOURCE | AP

Kiara Grace

Kiara Grace is a staff writer at VORNews, a reputable online publication. Her writing focuses on technology trends, particularly in the realm of consumer electronics and software. With a keen eye for detail and a knack for breaking down complex topics. Kiara delivers insightful analyses that resonate with tech enthusiasts and casual readers alike. Her articles strike a balance between in-depth coverage and accessibility, making them a go-to resource for anyone seeking to stay informed about the latest innovations shaping our digital world.

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Election News

Democrats Now Leaderless After Trump Presidential Win

Published

7 days ago

2024-11-07

Geoff Thomas

Democrats Leaderless After Trump Presidential Win

Democrats spent billions of dollars with the legacy media to try and create fear among American voters that Donald Trump posed an imminent threat to democracy; in the end, voters didn’t care. They chose to believe their own eyes and not the rhetoric.

Following Kamala Harris’ decisive loss, the Democrats are now entering a second Trump presidency without a clear leader, a clear plan, or an accord on the reasons for their significant miscalculations in the 2024 election.

Sen. Bernie Sanders, the Vermont independent and former Democratic primary candidate, had warned Harris before Election Day that she was focusing too much on flipping Republican votes and not enough on pocketbook issues. He issued a statement excoriating party leadership.

“It should come as no great surprise that a Democratic Party which has abandoned working class people would find that the working class has abandoned them,” he said. “First, it was the white working class, and now it is Latino and Black workers as well.

While the Democratic leadership defends the status quo, the American people are angry and want change. And they’re right.”

Trump’s promises to impose tariffs on both allies and foes and his threats to American businesses contemplating the relocation of jobs offshore were alluring to union workers.

Alexandra Rojas, the executive director of the far-left Justice Democrats, told AP that the party’s leadership must “accept responsibility for that a second”Donald Trump presidency was once again feasible under their supervision.”

Rojas charged that the Democratic Party is los”ng legitimacy among the everyday people and marginalized communities, who are continuously used as stepping stones to win elections. She also acknowledged that “there are no easy answers for where we as a coun”ry and movement go from here.”

The data indicates that Democrats have” substantial work to do.

Faiz Shakir, the Democratic strategist who oversaw Sanders’ 2020 presidential campaign, is concerned that Sanders’s Democratic Party will fail to engage in the necessary introspection after this catastrophic defeat.

He asserted that “a healthy party is challenging itself to conduct”that type of autopsy and hear what we did wrong.” “I am not even aware that such a process will occur. He asks, “Will the Democratic Party’s well-paid consultant and big-money interParty learn any real lessons from this disastrous campaign?”

“Will they comprehend the political alienation and pain that tens of millions of Americans are currently experiencing?” Do they have any suggestions for how we can confront the Oligarchy, which is gaining economic and political influence at an accelerated pace? It is unlikely, he said.

Source: AP

Despite All the Odds, Donald Trump Gets Elected

Despite All the Odds Donald Trump Elected 47th President

Geoff Thomas

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Election News

Kamala Concession Speech Trends on Google

Published

1 week ago

2024-11-06

Geoff Thomas

One day after former President Donald Trump’s historic re-election, Vice President Kamala Harris conceded the presidential race and vowed to maintain unity. Her concession speech trended on Google with over 5 million searches.

“I do not concede the fight that fueled this campaign, but I do concede this election.” She stated, “In our nation, we owe loyalty not to a president or a party, but to the Constitution of the United States.”

Kamala Harris acknowledged that there was no viable strategy for obtaining the presidency even though her speech was not what she intended.

In the center of Washington, DC, Harris delivered a speech at her alma mater, Howard University. Harris expressed her gratitude to the hundreds of campaign workers and volunteers who worked assiduously on her campaign and to the tens of millions of voters who cast their votes for her.

Kamala Harris also stated that the country should unite for a peaceful power transfer despite the agony of losing.

She said, “We must acknowledge the outcomes of this election.” “I conversed with President-elect Trump earlier today and congratulated him on his victory.”

I also informed him that we would assist him and his team during his transition and participate in a peaceful transfer of power.

In the interim, Sen. Bernie Sanders issued a caustic statement regarding the presidential election results, accusing the Democratic Party of having “abandoned” working-class voters. It’s unsurprising that “a Democratic Party that has abandoned working class people would find that the working class has abandoned them.”

Sanders, who secured re-election last night, stated that the party’s white working-class voters were the first to quit and that it now appears that Latino and Black workers are following suit. “The American people are enraged and desire change despite the Democratic leadership’s defense of the status quo,” he stated. “And they’re right.”

Trump and Vance were also congratulated on their electoral victory by former President Obama, who ardently campaigned for Harris in the final stretch before Election Day. This was announced in a statement published today.

“This is obviously not the outcome we had hoped for, given our profound disagreements with the Republican ticket on a whole host of issues,” according to him. “But living in a democracy is about recognizing that our point of view won’t always win out, and being willing to accept the peaceful transfer of power.”

Taylor Swift Supports Kamala Harris as a Steadyhanded Leader

Taylor Swift Supports Kamala Harris as a “Steadyhanded” Leader.

Geoff Thomas

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Election News

Despite All the Odds Donald Trump Elected 47th President

Published

1 week ago

2024-11-06

Geoff Thomas

Donald Trump was elected the 47th president of the United States.

On Wednesday, Donald Trump was elected the 47th president of the United States, a remarkable turnaround for a former president who refused to concede defeat four years ago.

Trump achieved the 270 electoral votes required to secure the presidency with a victory in Wisconsin. On Wednesday afternoon, he emerged victorious in Michigan, conquering the “blue wall” with Pennsylvania.

On Wednesday afternoon, Vice President Kamala Harris contacted President-Elect Trump to congratulate her and acknowledge his victory in the election. Shortly thereafter, Vice President Biden conversed with Trump to extend his congratulations and invitation to the White House.

Foreign leaders like French President Emmanuel Macron and Israeli Prime Minister Benjamin Netanyahu also phoned Trump.

“I would like to express my gratitude to the American people for the extraordinary honor of being elected as your 47th and 45th president,” Trump addressed a crowd of enthusiastic supporters in Florida before officially confirming their victory.

“Today, you demonstrated unprecedented attendance to secure a victory, and we have endured an immense amount of hardship together,” Trump said. This was truly exceptional, and we will repay you,” he added.

Upon his return to office, Trump will collaborate with a Senate that is now under Republican control, while the House’s governance remains uncertain.

Elon Musk’s Tesla, banks, cryptocurrencies, and the U.S. stock market all surged Wednesday as investors anticipated a smooth election and Trump’s return to the White House.

Trump has pledged to implement an agenda that prioritizes the substantial revamping of the federal government during his second term.

When Trump assumes office on January 20, he will face various challenges, such as global crises testing America’s influence abroad and heightened political polarization.

Trump has pledged to revolutionize nearly every facet of the American government. This encompasses the intention to initiate the most extensive deportation operation in the nation’s history, once more pursue a zero-sum approach to foreign policy, and increase the use of tariffs.

Upon his arrival in Washington in 2017, Trump was unfamiliar with the mechanisms of federal authority. Congress, the judiciary, and senior staff members who acted as guardrails impeded his agenda.

This time, Trump has declared that he will surround himself with allies who will execute his agenda without question and arrive with hundreds of proposed executive orders, legislative proposals, and in-depth policy papers.