The $2.3T Gap Between Trump’s and Harris’s Tax Plans | WSJ

Former president Donald Trump’s and Vice President Kamala Harris’s tax policies are on completely different tracks. Trump has proposed about $6.5 trillion in tax cuts and would impose major tariffs on imported goods. Harris has proposed $4.2 trillion in cuts and would cut taxes for households under $400,000 and would raise taxes on corporations and the rich.

WSJ’s Richard Rubin breaks down the very different tax plans from the two candidates.

Chapters:
0:00 Tax policies
0:43 Trump tax cuts
3:13 Harris tax cuts
4:46 How these tax cuts would be paid for
7:08 Will the tax plans happen?

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[IbnTaymiyyah]

I clicked on the video because I was hoping they'd talk about trains. Why can't we have nice trains in the US??

[marc]

I love how The Wall Street Journal keeps saying ``Cost the government trillions`` instead of saving the tax payer trillions

[matt_itm]

25k for every first time home buyer? Get ready for every house to be 25k more expensive lol. Giving free money like this just becomes a negligible thing

[CensoredMercy]

i love how many people support tariffs while being clueless as to how it hurts them

[kevinduffy]

Look, all I want is my Subway sandwich to not cost $14 instead of $5.

[CrimsonGuard]

The problem is that tax cuts without reduced spending just means the US goes further into debt. All this is doing is kicking the can down the road and putting the burden on future generations.

[briceking]

We don't need to raise taxes, we need to reduce spending. Every small business in the world has to balance their budget but every government gets a money printer.

[greendsnow]

I can't imagine Americans without imported goods... Who's going to manufacture iPhones for cheap?

[amoswhitwam]

Focusing on the wrong end of the equation. Need to eliminate the bloated spending.

[Jericho]

If you’re relying on Social Security to retire, you’re already screwed

[j.p.bumstead]

The fun thing about trying to pin the blame for high prices in imported goods, tech included, is that during the Reagan-Clinton years these same talking heads were singing the praises of deregulation and getting rid of all safeguards against monopolies. International trade was the answer, and untrammeled business entities scrambled to get all the work done in the U.S. moved off-shore where they could pay lower wages. It makes sense in business, but the government letting it happen without limit was criminally stupid. Now they scamper around trying to sell us that the stock market is not the bloated, cancerous mess that it is economically.

[breadbaskets]

When america raises tariffs, other countries raise tariffs in response, making everything more expensive for everyone

[joelhaugen]

Us citizens pay Tariffs. Not other countries. We will pay more

[AJDelanoue-tbvo]

Everyone loses at least somewhat with tariffs whereas the economy would surge if the bottom 80% had more money in their pockets

[ladhkay]

I'm mostly a conservative but with ballooning US Federal debt large tax cuts as proposed by Trump will be a nightmare for the US economy. We cant just keep living off on loans

[diegop]

I am for taxing the s*** out of the Rich

[CM_Highlife]

Copy. They are both playing political theater and nothing will happen. Got it.

[independent]

Price controls kills companies, and taxing unearned gains moves assets out of U.S. markets...both are unhelpful

[RAZ]

Wouldn't someone need $25K in tax liability to claim a $25K new home buyer tax credit? A new home buyer would need over 6 figure income to qualify for the full credit.

[tschaderdstrom]

Taxing unrealized gains is roughly the absolutely dumbest idea of all time, if the goal is to redistribute wealth to the middle class.