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    • In December, will the Fed lower interest rates? Here are the opinions of specialists.
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    Home » Key economic questions that Kamala Harris and Tim Walz might be asked on CNN
    Economy

    Key economic questions that Kamala Harris and Tim Walz might be asked on CNN

    Trump’s allies say the vice president has been ‘hiding from reporters and press conferences’
    August 29, 2024Updated:August 29, 2024No Comments
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    Democrats’ presidential candidate Kamala Harris is back in the spotlight with a CNN interview that will air at 9 p.m. Eastern, one week after her prime-time speech at her party’s convention.

    As the vice presidential nominee for her party, Harris has not had a big interview with a news organization since the back-and-forth with CNN anchor Dana Bash. Harris’s running mate, Minnesota Gov. Tim Walz, is likely to join her.

    In a news release early Thursday morning, Make America Great Again Inc., a super PAC that backs Republican presidential nominee Donald Trump, said that Harris has been “hiding from reporters and press conferences.” The press statement from MAGA Inc. also included 16 questions for Harris to answer, some of which were about her plans for the economy.

    What kinds of questions about money are you most likely to ask her?

    Voters are still very worried about inflation. Earlier this month, Harris said that she would fight inflation by stopping big companies from raising prices, but some people do not agree with her.

    It is likely that people ask her about high prices and what she thinks should be done about them. Her supporters have tried to make her plan for raising prices more clear by saying that it would only apply to the grocery and food businesses and would probably only be used in emergencies.

    What else? Well, Harris promised to “end America’s housing shortage” in her convention speech last week.

    Harris should be asked about that, as well as whether her housing plans will come true and help people. She wants three million homes to be built over the next four years. A tax break for makers of starter homes and a new $40 billion fund for innovation will help make this happen. She also wants to give $25,000 to people who buy their first home, but some people are against this because they say it will increase demand and drive up costs.

    One question CNN should ask MAGA Inc. is, “Can you explain how your plan would lower housing prices and why you have not done anything to lower prices in the last four years?”

    In terms of tax policy, Harris and her fellow Democrats want to raise the corporate tax rate to 28% and make the 1% tax on stock buybacks four times as high. These are similar ideas to those put forward by President Joe Biden. Her team said she backs the tax hikes in Biden’s most recent budget proposal. These included a controversial plan to tax people with more than $100 million in wealth on their unrealized capital gains as income.

    She has also said that tips should not be taxed. This comes two months after Trump said that tips should not be taxed. Critics say that this kind of behavior is “bad policy” no matter who supports it, even though they agree that it is “good politics.”

    The different tax plans, like the one for the business rate, buying back shares, paper profits, and especially the one on tips, could lead to interesting conversations.

    Around 3:30 p.m. Eastern, Trump will give a speech in Michigan about the economy. Michigan is a key swing state where Harris has an edge in the polls.

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