Harris economic proposals

[sun rise]

Of course this is politics and marketing besides, but at least some of these make sense and are doable and they can be argued about. Trump? Tariff everything. Go after any business that does not bend the knee to him. The right wing propaganda machine (I doubt Fox reported any of these except to call Harris a communist for proposing them.

Harris leaves those complaining about her policies’ “lack of details” with egg on their faces

• restoring the child tax credit;
• creating a $6,000 credit for the parents of newborns in their baby’s first year;
• stimulating the housing market;
• subsidizing first-time home buyers;
• eliminating unnecessary college degree requirements for federal jobs;
• subsidizing child care (thereby limiting child-care costs to 7 percent of lower-wage earners’ income);
• raising the corporate tax rate to 28 percent;
• expanding the tax credit for start-up businesses to $50,000 (with the goal of 25 million new business applications by the end of her first term)
• become the global leader in everything from artificial intelligence to clean energy to aerospace to biomanufacturing;
• double the number of paid apprenticeships;
• reform tax laws to allow more employee profit-sharing;
• incentivize investment in factory towns;
• cut red tape in permitting for construction.

 

[Twilight Hue]

Of course this is politics and marketing besides, but at least some of these make sense and are doable and they can be argued about. Trump? Tariff everything. Go after any business that does not bend the knee to him. The right wing propaganda machine (I doubt Fox reported any of these except to call Harris a communist for proposing them.

Harris leaves those complaining about her policies’ “lack of details” with egg on their faces

• restoring the child tax credit;
• creating a $6,000 credit for the parents of newborns in their baby’s first year;
• stimulating the housing market;
• subsidizing first-time home buyers;
• eliminating unnecessary college degree requirements for federal jobs;
• subsidizing child care (thereby limiting child-care costs to 7 percent of lower-wage earners’ income);
• raising the corporate tax rate to 28 percent;
• expanding the tax credit for start-up businesses to $50,000 (with the goal of 25 million new business applications by the end of her first term)
• become the global leader in everything from artificial intelligence to clean energy to aerospace to biomanufacturing;
• double the number of paid apprenticeships;
• reform tax laws to allow more employee profit-sharing;
• incentivize investment in factory towns;
• cut red tape in permitting for construction.

That is nothing even close to explaining the details. The only thing that could qualify for maybe is a table of contents at best and thats stretching things. Actually , call it pipe dreams , because you and me know full well it's just a wish list.

Half of that anyways is just going to destroy people and livelihoods , and doesn't even begin to touch on how much that stuff is going to cost taxpayers for people's failures, and create massive individual debt that they can't possibly ever pay back to the people they owe.


Small wonder all you can post here is just an opinion piece.

 

[esmith]

And I have beachfront property for sale in AZ

 

[wellwisher]

Of course this is politics and marketing besides, but at least some of these make sense and are doable and they can be argued about. Trump? Tariff everything. Go after any business that does not bend the knee to him. The right wing propaganda machine (I doubt Fox reported any of these except to call Harris a communist for proposing them.

Harris leaves those complaining about her policies’ “lack of details” with egg on their faces

• restoring the child tax credit;
• creating a $6,000 credit for the parents of newborns in their baby’s first year;
• stimulating the housing market;
• subsidizing first-time home buyers;
• eliminating unnecessary college degree requirements for federal jobs;
• subsidizing child care (thereby limiting child-care costs to 7 percent of lower-wage earners’ income);
• raising the corporate tax rate to 28 percent;
• expanding the tax credit for start-up businesses to $50,000 (with the goal of 25 million new business applications by the end of her first term)
• become the global leader in everything from artificial intelligence to clean energy to aerospace to biomanufacturing;
• double the number of paid apprenticeships;
• reform tax laws to allow more employee profit-sharing;
• incentivize investment in factory towns;
• cut red tape in permitting for construction.

The big problem is the Government currently gets a -20% rate of return for the tax payers due to interest on the national debt. That interest is more than we spend on the Military and if the boneheads did not make all that debt, the amount saved could secure both Social Security and Medicare.

Harris is a Big Government Socialist type, which means, even if she does implement, it will cost more than it gives back due to being led by the Bigger Government needed to add more stuff. She will not repurpose people but add people. The better way is to get Government out of the way; reducing regulations and bureaucracy. so the -20% rate of return factor on the economy is minimized.

Another tax cut would go right to the people; cut out the -20% middleman, who then can get 0% or a plus rate of return, instead of the Bigger Government -20% just for touching the money. Rather than take on more debt, we need to cut government down to a proper size and repurpose what is left to address the main social problems in more cost effective ways.

• eliminating unnecessary college degree requirements for federal jobs; this Harris speak for more DEI dummies; bigger and dumber Government. She is not about upping the Government game, but dumbing it down, which means more inefficiency, where throwing money at problems replaces common sense cost effective solutions.
• 
  
• raising the corporate tax rate to 28 percent; She wants to take money away from those who get positive rate of return and add to the GNP and give it to Government who gets -20%. She is a moron, when it comes to economics. This is the same strategy that caused businesses to go overseas, where they can get better tax rates and make higher profits, leading to loss of US jobs.
• 
  
• stimulating the housing market;
• subsidizing first-time home buyers; This same tactic led to the Housing crisis of 2008. Obama came in the peak. The Government made it too easy to get loans, even if you were not qualified and posed a risk of default. This increased demand for housing, which caused prices to increase, which then made people have to borrow more and carry even more debt. Then the bubble burst and there a massive sell off and default, with home values dropping, until people owed more that their house was worth. Government needs to stay out of the market place. In 2008 Government gave the entire housing market their -20% rate of return. We had to bail out Banks.

The DNC never learned from the past, but do the same bonehead things again and again.

 

[Revoltingest]

Of course this is politics and marketing besides, but at least some of these make sense and are doable and they can be argued about. Trump? Tariff everything. Go after any business that does not bend the knee to him. The right wing propaganda machine (I doubt Fox reported any of these except to call Harris a communist for proposing them.

Harris leaves those complaining about her policies’ “lack of details” with egg on their faces

• restoring the child tax credit;
• creating a $6,000 credit for the parents of newborns in their baby’s first year;
• stimulating the housing market;
• subsidizing first-time home buyers;
• eliminating unnecessary college degree requirements for federal jobs;
• subsidizing child care (thereby limiting child-care costs to 7 percent of lower-wage earners’ income);
• raising the corporate tax rate to 28 percent;
• expanding the tax credit for start-up businesses to $50,000 (with the goal of 25 million new business applications by the end of her first term)
• become the global leader in everything from artificial intelligence to clean energy to aerospace to biomanufacturing;
• double the number of paid apprenticeships;
• reform tax laws to allow more employee profit-sharing;
• incentivize investment in factory towns;
• cut red tape in permitting for construction.

Lofty goals (global leadership in technology).
Fluff (federal red tape isn't the problem in construciton).
Socialist (eg, rent control, food price control).
Dishonest pandering (eg, no tax on tips).
Good ideas (eliminating the college degree requirement).
Constitutional observance (no promise to become dictator & prosecute enemies).

 

[Revoltingest]

And I have beachfront property for sale in AZ

But that actually exists.

 

[sun rise]

And I have beachfront property for sale in AZ

Not beachfront but close enough to flash flood areas to make me uninterested in your property offering

Flooding in Arizona - a recurring problem​

 

[sun rise]

That is nothing even close to explaining the details.

You will, of course, attack anything she were to come up with no matter how detailed because it's what you do reflexively. To take just one of the bullet points not that it will be accepted to you https://www.cnn.com/2024/08/15/politics/kamala-harris-plan-housing-costs/index.html and https://www.cnn.com/2024/08/16/business/harris-housing-plan/index.html

• Up to $25,000 in down-payment support for first-time homebuyers.
• To provide a $10,000 tax credit for first-time homebuyers.
• Tax incentives for builders that build starter homes sold to first-time buyers.
• An expansion of a tax incentive for building affordable rental housing.
• A new $40 billion innovation fund to spur innovative housing construction.
• To repurpose some federal land for affordable housing.
• A ban on algorithm-driven price-setting tools for landlords to set rents.
• To remove tax benefits for investors who buy large numbers of single-family rental homes.

 

[Twilight Hue]

The big problem is the Government currently gets a -20% rate of return for the tax payers due to interest on the national debt. That interest is more than we spend on the Military and if the boneheads did not make all that debt, the amount saved could secure both Social Security and Medicare.

Harris is a Big Government Socialist type, which means, even if she does implement, it will cost more than it gives back due to being led by the Bigger Government needed to add more stuff. She will not repurpose people but add people. The better way is to get Government out of the way; reducing regulations and bureaucracy. so the -20% rate of return factor on the economy is minimized.

Another tax cut would go right to the people; cut out the -20% middleman, who then can get 0% or a plus rate of return, instead of the Bigger Government -20% just for touching the money. Rather than take on more debt, we need to cut government down to a proper size and repurpose what is left to address the main social problems in more cost effective ways.

• eliminating unnecessary college degree requirements for federal jobs; this Harris speak for more DEI dummies; bigger and dumber Government. She is not about upping the Government game, but dumbing it down, which means more inefficiency, where throwing money at problems replaces common sense cost effective solutions.
• 
  
• raising the corporate tax rate to 28 percent; She wants to take money away from those who get positive rate of return and add to the GNP and give it to Government who gets -20%. She is a moron, when it comes to economics. This is the same strategy that caused businesses to go overseas, where they can get better tax rates and make higher profits, leading to loss of US jobs.
• 
  
• stimulating the housing market;
• subsidizing first-time home buyers; This same tactic led to the Housing crisis of 2008. Obama came in the peak. The Government made it too easy to get loans, even if you were not qualified and posed a risk of default. This increased demand for housing, which caused prices to increase, which then made people have to borrow more and carry even more debt. Then the bubble burst and there a massive sell off and default, with home values dropping, until people owed more that their house was worth. Government needs to stay out of the market place. In 2008 Government gave the entire housing market their -20% rate of return. We had to bail out Banks.

The DNC never learned from the past, but do the same bonehead things again and again.

Excellently put.

 

[Twilight Hue]

You will, of course, attack anything she were to come up with no matter how detailed because it's what you do reflexively. To take just one of the bullet points not that it will be accepted to you https://www.cnn.com/2024/08/15/politics/kamala-harris-plan-housing-costs/index.html and https://www.cnn.com/2024/08/16/business/harris-housing-plan/index.html

• Up to $25,000 in down-payment support for first-time homebuyers.
• To provide a $10,000 tax credit for first-time homebuyers.
• Tax incentives for builders that build starter homes sold to first-time buyers.
• An expansion of a tax incentive for building affordable rental housing.
• A new $40 billion innovation fund to spur innovative housing construction.
• To repurpose some federal land for affordable housing.
• A ban on algorithm-driven price-setting tools for landlords to set rents.
• To remove tax benefits for investors who buy large numbers of single-family rental homes.

Of course none of it addresses what qualifications and conditions a person must do in order to be qualified for such programs, and what happens if a person would later fail to meet those agreed qualifications and stipulations along with said consequences if they cannot sustain what has been agreed upon.

I suppose nobody ever stops to think of that.

 

[esmith]

...says a blind MAGA supporter.

Says the deaf and blind Harris supporter.

 

[Revoltingest]

eliminating unnecessary college degree requirements for federal jobs; this Harris speak for more DEI dummies; bigger and dumber Government. She is not about upping the Government game, but dumbing it down, which means more inefficiency, where throwing money at problems replaces common sense cost effective solutions.

You think college degrees are necessary to be
intelligent & capable? This kind of blind elitism
has long been a problem in this country.
- Eliminating education in the trades, depriving
the country of needed skills.
- Sending students to college when they simply
won't benefit. Degrees in Medieval Art, Women's
Studies, & such don't make anyone smarter.
- Ignoring a large pool of smart skilled workers
only because they have no degree.

 

[sun rise]

Since this is a thread about economics or should be, it's clear that cutting taxes just leads to a bigger deficit every single time at both federal and state levels. If we are to really get the deficit under control, but cutting spending and raises taxes has to be in the mix.

Will Kamala Harris's Plan to Raise the Corporate Tax Rate by 33% Cause Stocks to Plunge? History Couldn't Be Clearer.​

Kamala Harris aims to increase the corporate tax rate by 33% -- should investors be concerned?​

​

With the exception of 1998 through 2001, the U.S. federal government has spent more than it's generated in revenue every year since 1970. These nominal-dollar deficits have ballooned over the past two decades, following the dot-com bubble, the financial crisis, and the COVID-19 pandemic. In 2023, the federal deficit neared $1.7 trillion, which has increased U.S. national debt to around $35 trillion.​

​

The cost to service and sustain our national debt is climbing at a worrying pace and simply isn't sustainable over the long run, which is necessitating proposals from elected officials, including presidential nominee Harris, to raise revenue and/or cut spending.​

...​

While history can be fallible and no metric is foolproof when it comes to predicting the short-term future, corporate tax hikes have correlated positively for stocks 100% of the time since 1950.​

 

[sun rise]

You think college degrees are necessary to be
intelligent & capable? This kind of blind elitism
has long been a problem in this country.
- Eliminating education in the trades, depriving
the country of needed skills.
- Sending students to college when they simply
won't benefit. Degrees in Medieval Art, Women's
Studies, & such don't make anyone smarter.
- Ignoring a large pool of smart skilled workers
only because they have no degree.

I did not get a career in computers based on attending college for computers because such did not exist when I started. I learned on the job with the help of one course. My degrees had nothing to do with my career. Of course when it comes to fields like medicine, it's a different matter but too often kids party their way through college.

When I look for a carpenter, a plumber, an electrician and so forth, I don't care what their education is. I want someone competent. Period.

 

[Pogo]

Since this is a thread about economics or should be, it's clear that cutting taxes just leads to a bigger deficit every single time at both federal and state levels. If we are to really get the deficit under control, but cutting spending and raises taxes has to be in the mix.

Will Kamala Harris's Plan to Raise the Corporate Tax Rate by 33% Cause Stocks to Plunge? History Couldn't Be Clearer.​

Kamala Harris aims to increase the corporate tax rate by 33% -- should investors be concerned?​

​

With the exception of 1998 through 2001, the U.S. federal government has spent more than it's generated in revenue every year since 1970. These nominal-dollar deficits have ballooned over the past two decades, following the dot-com bubble, the financial crisis, and the COVID-19 pandemic. In 2023, the federal deficit neared $1.7 trillion, which has increased U.S. national debt to around $35 trillion.​

​

The cost to service and sustain our national debt is climbing at a worrying pace and simply isn't sustainable over the long run, which is necessitating proposals from elected officials, including presidential nominee Harris, to raise revenue and/or cut spending.​

...​

While history can be fallible and no metric is foolproof when it comes to predicting the short-term future, corporate tax hikes have correlated positively for stocks 100% of the time since 1950.​

We will add to that that Trump actually wants to lower the rate again to 15%, well below the average for developed western nations which will only decrease tax revenue and exacerbate the deficit situation like it did last time.

But reading the article, the scarier part is the P/E ratio which appears to be closing on bubble bursting range.

 

[homedecoretoday]

The big problem is the Government currently gets a -20% rate of return for the tax payers due to interest on the national debt. That interest is more than we spend on the Military and if the boneheads did not make all that debt, the amount saved could secure both Social Security and Medicare.

Harris is a Big Government Socialist type, which means, even if she does implement, it will cost more than it gives back due to being led by the Bigger Government needed to add more stuff. She will not repurpose people but add people. The better way is to get Government out of the way; reducing regulations and bureaucracy. so the -20% rate of return factor on the economy is minimized.

Another tax cut would go right to the people; cut out the -20% middleman, who then can get 0% or a plus rate of return, instead of the Bigger Government -20% just for touching the money. Rather than take on more debt, we need to cut government down to a proper size and repurpose what is left to address the main social problems in more cost effective ways.

• eliminating unnecessary college degree requirements for federal jobs; this Harris speak for more DEI dummies; bigger and dumber Government. She is not about upping the Government game, but dumbing it down, which means more inefficiency, where throwing money at problems replaces common sense cost effective solutions.
• 
  
• raising the corporate tax rate to 28 percent; She wants to take money away from those who get positive rate of return and add to the GNP and give it to Government who gets -20%. She is a moron, when it comes to economics. This is the same strategy that caused businesses to go overseas, where they can get better tax rates and make higher profits, leading to loss of US jobs.
• 
  
• stimulating the housing market;
• subsidizing first-time home buyers; This same tactic led to the Housing crisis of 2008. Obama came in the peak. The Government made it too easy to get loans, even if you were not qualified and posed a risk of default. This increased demand for housing, which caused prices to increase, which then made people have to borrow more and carry even more debt. Then the bubble burst and there a massive sell off and default, with home values dropping, until people owed more that their house was worth. Government needs to stay out of the market fintechzoom place. In 2008 Government gave the entire housing market their -20% rate of return. We had to bail out Banks.

The DNC never learned from the past, but do the same bonehead things again and again.

Great

 

[Regiomontanus]

Of course this is politics and marketing besides, but at least some of these make sense and are doable and they can be argued about. Trump? Tariff everything. Go after any business that does not bend the knee to him. The right wing propaganda machine (I doubt Fox reported any of these except to call Harris a communist for proposing them.

Harris leaves those complaining about her policies’ “lack of details” with egg on their faces

• restoring the child tax credit;
• creating a $6,000 credit for the parents of newborns in their baby’s first year;
• stimulating the housing market;
• subsidizing first-time home buyers;
• eliminating unnecessary college degree requirements for federal jobs;
• subsidizing child care (thereby limiting child-care costs to 7 percent of lower-wage earners’ income);
• raising the corporate tax rate to 28 percent;
• expanding the tax credit for start-up businesses to $50,000 (with the goal of 25 million new business applications by the end of her first term)
• become the global leader in everything from artificial intelligence to clean energy to aerospace to biomanufacturing;
• double the number of paid apprenticeships;
• reform tax laws to allow more employee profit-sharing;
• incentivize investment in factory towns;
• cut red tape in permitting for construction.

Of course, if the Ds do not control Congress, none of that will happen (and I agree with much of it).

 

[Regiomontanus]

I did not get a career in computers based on attending college for computers because such did not exist when I started. I learned on the job with the help of one course. My degrees had nothing to do with my career. Of course when it comes to fields like medicine, it's a different matter but too often kids party their way through college.

When I look for a carpenter, a plumber, an electrician and so forth, I don't care what their education is. I want someone competent. Period.

When I need a good carpenter, my first choice is always an Amish person (I live in PA). Master woodworkers and none of them have formal training.

 

[Watchmen]

Just my personal opinion on each of the bullets:

• restoring the child tax credit; Yes - I'm all for this.
• creating a $6,000 credit for the parents of newborns in their baby’s first year; Yes - I'm all for this.
• stimulating the housing market; Super vague. How does she plan to accomplish this?
• subsidizing first-time home buyers; I'm on the fence. We already have FHE loans. Why are those insufficient? Why should the taxes I pay help someone else buy a house that apparently they cannot afford since they need the subsidy?
• eliminating unnecessary college degree requirements for federal jobs; How about eliminating a bunch of worthless federal jobs?
• subsidizing child care (thereby limiting child-care costs to 7 percent of lower-wage earners’ income); I'm OK with that.
• raising the corporate tax rate to 28 percent; Feels like a big jump from the current 21%. How about 24%?
• expanding the tax credit for start-up businesses to $50,000 (with the goal of 25 million new business applications by the end of her first term). Cool. I like it.
• become the global leader in everything from artificial intelligence to clean energy to aerospace to biomanufacturing; I suspect the US is already the global leader for these things.
• double the number of paid apprenticeships; Vague. What apprenticeships? What's the issue here?
• reform tax laws to allow more employee profit-sharing; Would want to see the details of how this works.
• incentivize investment in factory towns; 100% yes.
• cut red tape in permitting for construction. 1,000% yes.

 

[fantome profane]

That is nothing even close to explaining the details. The only thing that could qualify for maybe is a table of contents at best and thats stretching things. Actually , call it pipe dreams , because you and me know full well it's just a wish list.

Half of that anyways is just going to destroy people and livelihoods , and doesn't even begin to touch on how much that stuff is going to cost taxpayers for people's failures, and create massive individual debt that they can't possibly ever pay back to the people they owe.


Small wonder all you can post here is just an opinion piece.

Could you show me a comparable list of Trump's economic plan in equal or greater detail? So we could compare.