Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home Business & Finance

The Great Divide: Unpacking the Economic Visions of Donald Trump and Kamala Harris

Nnaemeka OkwarabyNnaemeka Okwara
November 4, 2024
in Business & Finance
0
The Great Divide: Unpacking the Economic Visions of Donald Trump and Kamala Harris
Share on FacebookShare on TwitterShare on Whatsapp

The stage is set for a big economic battle in the 2024 US presidential election, with Donald Trump and Kamala Harris offering very different visions for America’s financial future. Trump’s plan, shared in a speech at Wall Street, promises lower taxes, less government spending, and fewer regulations, with support from Elon Musk. Harris, on the other hand, suggests raising taxes for the rich and big companies to fund a stronger social safety net, tax breaks for childcare, and benefits for small business owners.

Bitcoin’s outlook is surprisingly optimistic. Financial experts see promising signs for risky investments, including Bitcoin, regardless of the winner. Daan Crypto Trades, a trader, thinks that Bitcoin’s price could go up or down by at least 10% depending on who wins the U.S. presidential election on November 5. This isn’t just a guess, because Bitcoin’s price has been changing a lot lately, more than it has in the past three months. On November 3, the Bitcoin volatility index on Deribit reached a high point, making everyone nervous.

Donald Trump, who has been more supportive of cryptocurrencies during his campaign, is seen as a short-term good thing for crypto. He has said he will protect and encourage crypto innovation in the U.S. But, because he hasn’t always kept his promises in the past, people are unsure if he will really do what he says about crypto.

Table of Contents

Toggle
  • Tax Policies: Two Different Ideas
  • Trade Conflicts: Trump’s Tariff Strategy
  • Effects on Economic Growth and Prices
  • Addressing Wealth Disparities and Student Loans
  • Economic Effects

Tax Policies: Two Different Ideas

Trump wants to keep the tax cuts from 2017 and cut more, while Harris plans to raise the top corporate tax rate from 21% to 28%. Harris also aims to bring back income tax rates from before 2018 for people earning over $400,000. The difference is clear: Trump’s plan likely helps the wealthy, while Harris’s plan focuses on making the economy more equal.

Trade Conflicts: Trump’s Tariff Strategy

Trump suggests charging 10-20% on all imported goods and 60% on Chinese imports, which could restart trade conflicts. Many experts say this might harm the US economy. Harris disagrees with Japan’s Nippon Steel buying US Steel for $15 billion but takes a more balanced view on tariffs.

Effects on Economic Growth and Prices

Experts think Trump’s actions could slow down growth and raise prices in 2025. Harris’s ideas might slightly increase GDP growth. The result depends on which party runs Congress, as they decide most financial changes.

Addressing Wealth Disparities and Student Loans

Harris suggests moving wealth around to help with economic fairness and erasing student debt. Her initiative to set a $35 limit on insulin prices for everyone and speed up government talks with drug companies to reduce medicine costs has caught people’s attention.

Trump plans to fix the housing shortage by:

  • Allowing more housing to be built on federal land
  • Sending millions of immigrants back to their home countries to lower demand

Economic Effects

The Penn Wharton Budget Model says Trump’s plans would add $5.8 trillion to the primary deficit over 10 years. While the economy might grow at first, it would shrink by 0.4% in 2034 and 2.1% in 2054.

Tags: Donald TrumpEconomyfederal characterKamala HarrisNewsThe Great Divide: Unpacking the Economic Visions of Donald Trump and Kamala Harris
Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking.Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation.As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

Related Posts

Trumps Tariffs Wipes U.S Soybeans Exports as Aid Aids Argentina
Business & Finance

Trumps Tariffs Wipes U.S Soybeans Exports as Aid Aids Argentina

October 4, 2025
October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
Business & Finance

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

October 4, 2025
Nigeria’s Data War with Meta Ends in a Quiet Courtroom Truce
Business & Finance

Nigeria’s Data War with Meta Ends in a Quiet Courtroom Truce

October 3, 2025
Next Post
NUPENG Slams Fake Oil Group as ‘Failed Smugglers’ Profiteering Off Subsidy

NUPENG Slams Fake Oil Group as 'Failed Smugglers' Profiteering Off Subsidy

EFCC Arrests Former Delta State Governor Ifeanyi Okowa for Alleged N1.3 Trillion Fraud

EFCC Arrests Former Delta State Governor Ifeanyi Okowa for Alleged N1.3 Trillion Fraud

University Tuition Fees To Increase to £9,535 in England by 2025

University Tuition Fees To Increase to £9,535 in England by 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Cristiano Ronaldo’s Al-Nassr Manager Rudi Garcia At Risk Of Being Sacked

Cristiano Ronaldo’s Al-Nassr Manager Rudi Garcia At Risk Of Being Sacked

2 years ago
UK Slams Russia’s Medvedev for ‘Gangster Threat’ Against Journalists

UK Slams Russia’s Medvedev for ‘Gangster Threat’ Against Journalists

10 months ago
Folarin Congratulates Seyi Makinde

Folarin Congratulates Seyi Makinde

3 years ago
Tinubu Criticises the Killing of Kidnapped Sokoto District Head

Tinubu Criticises the Killing of Kidnapped Sokoto District Head

1 year ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

Why Were Dozens of Flights Canceled at Amsterdam’s Schiphol Airport

Estêvão Strikes Late as Chelsea Stun Liverpool at Stamford Bridge

Democrats Dump AIPAC: The Lobby No One Wants Anymore

Who’s Paying For Brandon Scott’s New Car?

Seyi Shay Reveals Truth Behind Fallout With Tiwa Savage

Rice Haunts Former Club as Arsenal Overcome West Ham to Go Top

Trending

Trumps Tariffs Wipes U.S Soybeans Exports as Aid Aids Argentina
Business & Finance

Trumps Tariffs Wipes U.S Soybeans Exports as Aid Aids Argentina

byEriki Joan Ugunushe
October 4, 2025
0

As a result of the tariffs imposed under President Trump’s administration, China, once the biggest buyer of...

Baltimore City Offering Grants to Redevelop Vacant Homes

Baltimore City Offering Grants to Redevelop Vacant Homes

October 4, 2025
Is Italy's Government "Nervous" as Gaza Protests Put Pressure on Meloni

Is Italy’s Government “Nervous” as Gaza Protests Put Pressure on Meloni

October 4, 2025
Why Were Dozens of Flights Canceled at Amsterdam's Schiphol Airport

Why Were Dozens of Flights Canceled at Amsterdam’s Schiphol Airport

October 4, 2025
Estêvão Strikes Late as Chelsea Stun Liverpool at Stamford Bridge

Estêvão Strikes Late as Chelsea Stun Liverpool at Stamford Bridge

October 4, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • Trumps Tariffs Wipes U.S Soybeans Exports as Aid Aids Argentina
  • Baltimore City Offering Grants to Redevelop Vacant Homes
  • Is Italy’s Government “Nervous” as Gaza Protests Put Pressure on Meloni

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com