CORE VALUES
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GOVERNMENT SPENDING – NO SAVINGS
• Harris has not outlined any plans for cutting government spending.
• V.P. Harris and President Biden have supported increasing corporate taxes as high as 28% and raise taxes and eliminate tax loopholes on the ultra rich as a way to pay for their new programs
NOTE:
Both candidates total spending proposals will drive up the National Debt. Harris by 2 trillion Trump by 5.8 trillion according to a Penn Wharton forecast
*Penn Wharton Budget Model, a group within the University of Pennsylvania’s Wharton School that analyzes the budgetary impact of government policies.
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Harris plans would add $1.7 trillion to national debt
4.4% above its current trajectory by 2034
SOURCE: Penn Wharton Budget Model
https://budgetmodel.wharton.upenn.edu/
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HARRIS PLAN VS TRUMP: “Spending Cuts”
Former President Donald Trump would seek to extend the tax cuts enacted through the Tax Cuts and Jobs Act, his signature 2017 legislation that reduced taxes for most Americans, although research has shown the top earners received the biggest benefits. He’s also proposing to eliminate taxes on tips and on Social Security income, while also lowering the corporate tax rate.
Vice President Harris has proposed introducing more generous tax benefits for families, as well as hiking the corporate tax rate to help offset spending from bigger tax credits.
The two proposals reflect different views of how best to support U.S. families and fuel economic growth. On the one hand, Trump’s plan would provide tax cuts for all income groups, but the biggest winners would be higher-income Americans. The greatest benefits under Harris’ plan would go to the lowest-income Americans, while she would up the taxes of the top-earning households.
Ultimately, both plans would come with significant price tags, although the combination of Trump’s tax cuts for corporations and individuals would prove more expensive, Penn Wharton forecast. It estimates that his proposal would add $5.8 trillion to the federal deficit over the next decade, compared with $2 trillion for Harris’ plan.
HARRIS PLAN WOULD COST 1.7 TRILLION
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NOTE: INFORMATION CONTAINED IN THIS WEBSITE COMES EXCLUSIVELY FROM THE POLITICIANS THEMSELVES, BUT MAY INCLUDES CLAIMS FROM THE CANDIDATES THAT ARE NOT COMPLETELY ACCURATE.
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2024 DEMOCRATIC PLATFORM POSITION: Reduce Government Spending
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NO PLANS PROPOSED TO REDUCE SPENDING
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SOURCE: CBS News
https://www.cbsnews.com/news/kamala-harris-donald-trump-tax-plan-impact-on-your-paycheck/
SOURCE: Democratic Platform – On their official website
COMBATING THE CLIMATE CRISIS AND PURSUING ENVIRONMENTAL JUSTICE
CORE VALUES
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REIN IN SPENDINGS
• Stabilize the Economy by slashing wasteful Government spending
POSSIBLE SCHOOL FUNDING CUTS
• Cut Federal funding for any school pushing critical race theory, gender ideology, racial, sexual or political content
• Close the Department of Education in Washington, D.C. and send it back to the States
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Trump plans would add $5.8 trillion to national debt
9.3% above its current trajectory by 2034
NOTE:
Both candidates total spending proposals will drive up the National Debt. Harris by 1.7 trillion Trump by 5.8 trillion according to a Penn Wharton forecast*
*Penn Wharton Budget Model, a group within the University of Pennsylvania’s Wharton School that analyzes the budgetary impact of government policies.
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TRUMP PLAN VS HARRIS: “Spending Cuts”
Former President Donald Trump would seek to extend the tax cuts enacted through the Tax Cuts and Jobs Act, his signature 2017 legislation that reduced taxes for most Americans, although research has shown the top earners received the biggest benefits. He’s also proposing to eliminate taxes on tips and on Social Security income, while also lowering the corporate tax rate.
Vice President Harris has proposed introducing more generous tax benefits for families, as well as hiking the corporate tax rate to help offset spending from bigger tax credits.
The two proposals reflect different views of how best to support U.S. families and fuel economic growth. On the one hand, Trump’s plan would provide tax cuts for all income groups, but the biggest winners would be higher-income Americans. The greatest benefits under Harris’ plan would go to the lowest-income Americans, while she would up the taxes of the top-earning households.
Ultimately, both plans would come with significant price tags, although the combination of Trump’s tax cuts for corporations and individuals would prove more expensive, Penn Wharton forecast. It estimates that his proposal would add $5.8 trillion to the federal deficit over the next decade, compared with $2 trillion for Harris’ plan.
TRUMP PLAN WOULD COST 5.8 TRILLION
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2024 GOP PLATFORM POSITION: Government Spending
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REIN IN WASTEFUL GOVERNMENT SPENDING
CUT FEDERAL FUNDING FOR ANY SCHOOL PUSHING CRITICAL RACE THEORY, RADICAL GENDER IDEOLOGY, AND OTHER INAPPROPRIATE RACIAL, SEXUAL, OR POLITICAL CONTENT ON OUR CHILDREN
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HOW THE REPUBLICANS WILL DO IT.
NOTE: INFORMATION CONTAINED IN THIS WEBSITE COMES EXCLUSIVELY FROM THE DONALD TRUMP WEBSITE WHICH MAY INCLUDES CLAIMS FROM THE CANDIDATE THAT ARE NOT COMPLETELY ACCURATE.
Rein in Wasteful Federal Spending
Republicans will immediately stabilize the Economy by slashing wasteful Government spending and promoting Economic Growth.
Return Education to the States
The United States spends more money per pupil on Education than any other Country in the World, and yet we are at the bottom of every educational list in terms of results. We are going to close the Department of Education in Washington, D.C. and send it back to the States, where it belongs, and let the States run our educational system as it should be run.
NOTE: Closing the Federal Department of Education with reduce federal costs, but running schools will be passed on to states and mot likely a rise in state
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SOURCE: CBS News
https://www.cbsnews.com/news/kamala-harris-donald-trump-tax-plan-impact-on-your-paycheck/
SOURCE: https://www.presidency.ucsb.edu/documents/2024-republican-party-platform
SOURCE: Penn Wharton Budget Model
https://budgetmodel.wharton.upenn.edu/