An Economic Vision or an Economic Disaster

Photo Courtesy of New York Public Library

Over the last four years, Vice President Kamala Harris has provided aid to low- and middle-income Americans, enacted strong climate policies that will boost our economy and save the planet, and fought against pharmaceutical and insurance companies to lower the cost of healthcare.

We have seen her economic vision.

Taking over from former President Donald Trump’s tragic mishandling of the pandemic in which thousands of Americans died, Harris and Biden infused the economy with $1.9 trillion through the American Rescue Plan, granting tax credits to the poor, middle class, and disaffected.

This has benefited working-class Americans — those most affected by the pandemic.

Harris went on to cast the tie-breaking vote to expand the Child Tax Credit (CTC), providing monthly relief to families raising children and cutting taxes for the middle-class. The extension of this policy was, unsurprisingly, blocked by Republicans in Congress.

Later, with the passage of the Inflation Reduction Act, Biden, Harris, and the Democrats signaled a hard stance on climate action by raising taxes on large, polluting corporations. Since its passage, more than 330,000 new jobs have been created.

As recently as this summer, Harris and Biden successfully negotiated with pharmaceutical companies to bring down drug prices for seniors — ensuring that our grandparents can afford life-saving medications.

Building off of this foundation, Harris has laid out her economic policy playbook, which offers two key objectives: leveling the playing field for the working class and clamping down on predatory corporations.

Under a Harris presidency, the Democrats will restore the expanded CTC by providing $3,600 per child for families. Additionally, Harris will further expand the Child Tax Credit to include a $6,000 tax relief for middle and low-income families.

In keeping with her prosecutorial background, Harris will drive down the cost of rent for millions of Americans by levying antitrust laws against private equity firms and price fixers contributing to surging and exorbitant rental prices. 

For Americans hoping to buy a home for the first time, a Harris administration will provide $25,000 towards their downpayment — vastly improving prospects for Americans wanting to start a family.

With the Inflation Reduction Act, Harris and Biden capped Insulin prices at $35 and out-of-pocket expenses at $2,000 for seniors. As president, she will expand this cap to all Americans, strengthening the Affordable Care Act.

Meanwhile, Project 2025 — authored by the Heritage Foundation and many former Trump advisors — will gut it and replace it with whatever Trump’s “concepts of a plan” for healthcare might be.

A second Donald Trump presidency would spell economic disaster for millions of Americans.

If elected, Trump will roll back rental assistance and low-income housing programs that Harris would expand. 

Trump will lower the corporate tax rate to 18%, a 3% drop from what it currently is, which will subsidize the economic detritus of his billionaire circus troupe — compare this with how Harris will target corporations leeching off of working people. 

Donald Trump is not working class. He boasted about not paying his taxes by saying that he would “pay as little tax as legally possible…. I hate the way they spend our tax dollars.”

Trump will gut the National Labor Relations Board which will undermine unionization efforts, worsening conditions for factory, auto, service, and a myriad of other workers who keep this country afloat. He would have their right to speech and protest restricted — all to protect the bottom line of corporations built off of exploiting them. 

Trump will also exploit and strip rights from women by dispossessing them of their autonomy. He started this work already by perverting the Supreme Court, and he will continue it by restricting abortion access even further.

One of the reasons women choose to have abortions is economic stress. Instead of fixing the problem of poor economic conditions, Trump and the Republicans have instead demonized women and relentlessly worked to force them to carry pregnancies to term and bear the totality of the financial ruin it may cause. 

Donald Trump has never cared about the economic prospects of the disenfranchised, poor, or alienated; he cares only for himself and the sycophant billionaires who cling to him for clout and relevance.

The hateful doctrine of Project 2025 will hurt workers by taking away their right to organize and unionize. He will persecute women for making decisions about their bodies while simultaneously stripping away healthcare. He will destroy the fabric of our country through economic policies that will benefit only him and people like him. 

The choice is clear. 

Vote.

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