2024 Election Insights | Whose Plan Wins? Trump vs. Harris on Taxes

What do the contrasting tax proposals of Vice President Kamala Harris and former President Donald Trump mean for Americans as the 2024 election approaches?

In this episode, we dive into the Tax Foundation's modeling of both candidates' plans, shedding light on how these proposals could impact Americans.

Joining Kyle Hulehan is Erica York, Senior Economist and Research Director. Together, they'll chat about the major economic implications of each candidate’s proposals, from national debt to economic growth.

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[rmroberts]

Interesting. When you all talk about "costs" and "revenue", I don't think most people realize you're referring to these FROM the perspective of the federal government. So when you say "increased costs", you mean reduced income for the fed govt. And when you say "increased revenue", you mean more money for the fed govt to use.

[vancescavone]

This video was great and informative! When she said "Net negative in economic output but increases the revenue", how is that possible exactly? Especially with giving first time home buyers 25k? I would think that would drastically increase the deficit.

[hiopyschonaut]

God forbid the federal government gets less of a spending budget 😫

[daveh]

Thank you both for explaining the impact each plan will have. It's refreshing to get an unbiased opinion!

[CaesarMonzaro]

Great analytical analysis for all the nerds out there like myself. Excellent content, and commentary!

[robbymedina]

A cost for the government is fine. Cut government pay and bs spending

[robbymedina]

All good stuff fr9m the two of you. First time watching. Thank u

[robbymedina]

Gaming by who, Employers that wouldn't give OT?

[davidjiannotti]

As long as the lawyers on capital hill keep getting rich off our backs i guess everything is ok.

[robbymedina]

And was foreign retaliation a think 5 years ago?

[stacysaunders]

The overtime focus is bad policy. Tax policies should incentivize businesses productive behavior. We don’t want more people working over time. We want them working reasonable hours and hiring more employees if the workload allows/requires.

[robbymedina]

Would trumps plan at least out money in my pocket ?

[wayne]

We r also hiring Elon to be Government Efficiency Officer! Imagine that!

[jasoncaddick]

Do either of the candidates include details on how they will reduce government spend? If so, which candidates tax proposal will work best if they follow through with cutting proposed government spend?

[fmly]

I'd be interested in your take on Kamala's unrealized gains tax idea.

[methinking]

Can someone actually explain how the 2017 tax cuts benefited the rich the most? What section specifically? Genuinely asking.

[trayloningram]

Can you guys give us an example of a good tax plan?

[CamdenVanderlaan]

Tax laws can be so complex, and it’s super helpful to break them down like this. Understanding how different policies can impact our finances is crucial for making informed decisions.

[jonathancraig]

I'm voting trump now just for that. I work 20-30 hrs/wk overtime

[Ryan-ywfp]

The one huge difference is the tariffs. Both plans would have to go through congress who can be a check and balance for the budget. However, trump can ruin the economy all by himself with raising tariffs which WILL create a trade war which the US will lose. If you didn't like inflation lately, we haven't seen nothing yet if tariffs go through.