Economic forecast: Trump vs. Harris

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Oct. 1, 2024

Photographer: Mel Haasch

Read the story Former President Donald Trump and Vice President Kamala Harris have been offering very different prescriptions for the US economy from the campaign trail. Trump is pitching higher tariffs, lower corporate tax rates, more oil drilling and deporting undocumented migrants. Harris proposes boosting the child tax credit and tax deductions for small business startup costs, aid for homebuyers and tax incentives for homebuilders. Of course, campaign pledges often fall by the wayside, get overtaken by events or are stymied by a hostile Congress. Forecast models also have their limitations. However, according to analysis by Bloomberg Economics, one thing seems clear: Under both leaders US debt will continue to rise. From taxes and tariffs to housing and immigration, today's Big Take gives an overview of what the candidates' policy promises mean for the country's economic outlook. Read The Big Take.

Listen to the podcast The Big Take podcast will be watching tonight's US vice presidential debate along with the rest of the country. Tune in wherever you get your podcasts early tomorrow for a recap and analysis from host Sarah Holder and senior editor Wendy Benjaminson.  Subscribe and listen on iHeart, Apple and Spotify.

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