During the presidential race in the United States, Donald Trump and Kamala Harris are actively promoting the economic issue.
Why this is important for the United States, and why the candidates should advocate – read the material from RBC-Ukraine.
Zmіst:
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The root of the problem – what also Bidenomics
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How Trump presents the current problems of the economy
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What's new preached by Kamala Harris
In the US presidential elections, the key issue is the economy and the quality of life of Americans. Економічна політика Байдена призвела до низки дисбалансів, Гарріс як член команди чинного президента змушена це враховувати та шукати нові ідеї, а Трамп має можливість критикувати їх прорахунки.
Корінь проблеми – що таке Байденоміка
У роки During the Biden administration, inflation reached its highest level in forty years, and the rise of the American economy deteriorated. After Biden took office, prices rose by 19%, and the salary of the average worker increased by 17%.
This is the legacy of Biden's economic policy, which was called Bidenomics. At the beginning of his term, he passed through Congress with the vision of a huge sum to recover from the legacy of the Covid-19 pandemic. It is important to pay socially.
Under the hour of Biden's presidency, a large-scale refurbishment of transport infrastructure and investments in the “green transition” of American industry and renewable energy began. All this has already given economic growth, and will give even greater advantages to the mid-year perspective. In 2023, the regional economy as a whole grew by 2.5 percent. The unemployment rate dropped from 6.3% to 3.7% in the first year of Biden's presidency. The infection rate increased to 4.3%. So for a long time in this region, the uprising was affected by fifty fates.
However, such a policy has side effects.
Vіdsotkovі rates will remain high. The US deposit rate is currently at its highest level in 22 years, with the Federal Reserve System (functioning similar to the central bank) trimming the policy rate at a record level of 5.25-5.5%. This is how the Federal Reserve provides loans to banks, and banks also lend to the population.
In the meantime, changes are being made. At present, live prices increased by the minimum for the river 3% in the same month last year. Thus, the rate of increase in prices changed to the same level from 3.3% for grass. This trend has been stopping for three months now, but the situation is changing significantly.
Another legacy of Bidenomics is the growth of the US powerhouse. For the first time in history, sickle vines reached $35 trillion. USA. This in turn generates great costs for its maintenance.
According to a survey by the Financial Times and the University of Michigan, 39% of respondents named Democratic policies as one of the top three reasons for inflation over the remaining six months. Only 24% say the same thing about the policies of the republicans. At the same time, 60% of respondents said that Harris may take completely different approaches or completely change Biden’s economic policies.
How Trump talks about the problems of the economy
Trump actively criticizes the Biden team for increase in prices and prices credits. Once he is re-elected, he plans to remember past successes.
The main risks of Trumponomics are not particularly different from those that were during his first term. The new ones will be those with such speed and efficiency that we plan to implement the plan. Trump economics means low interest rates on loans and low taxes, the politician said in a recent interview with Bloomberg Businessweek.
Trump believes that his plan will reduce taxes, regulatory pressure and increased oil production vibrants “cunning states.”
The ex-president intends to reduce the price of the ever-increasing American oil and gas industry. In his words, the United States “has more rare gold than anyone.” The politician also pledges to impose tariffs on imported goods, including up to 60% on Chinese goods.
On your thoughts , the key to increasing wages in the middle of the country and employment is a harsh migration policy. They say that illegal migrants are ready to work for nothing, thereby reducing wages for intersecting Americans.
Also It proposes to continue the reduction in corporate taxes. Being President, Trump in 2017 has reduced corporate taxes from 35% to 21% and now expects to earn them at the same level as 20% and 15%.
This is a new original proposition, such as a tip tax, which can attract the respect of young people.
What's new is Kamala Harris preaching
Kamala Garris will be good for high Prices are the central problem of economics. However, she spent a long time pursuing her economic program, wondering how her position might conflict with Biden’s policy. First, Harris announced her economic program just before 16 September at a rally in New Carolina.
Harris is aiming at a new pace of “spending for American families.” Let's be on the lookout for the promotion of a personal loan in the amount of 6 thousand. dollars for young families with average and low income in the first years of life.
The politician called on the US Congress to praise the law against the piecemeal increase in prices for food products and rent for housing. Harris also announced the intention to launch an initiative to create three million new apartments within its 4-year term.
According to Harris, there is no need to kratіyu ta zaivu regulative tyaganina, overnight protecting people and creating a stable business environment with consistent and clear-sighted rules of the game.”
After the implementation of the economic program, Harris received the first criticism from leading American media. The language is about the idea of sovereign price regulation.
For example, The Washington Post published an editorial column that called on Harris to make serious economic proposals rather than populist statements. Apparently, it is assumed that in certain situations, administrative price regulation can be limited, but at the same time, free prices are necessary to preserve the balance of the economy.
Zagalom, economic programs both candidates are happy with the details, without details of in what manner they will be treated. And this also gives Donald Trump and Kamala Harris the ability to criticize one another.
It seems likely that the Republican presidential candidate Donald Trump is trying to turn the respect of the media towards himself. Democratic candidate Kamala Harris.
When writing the material, statistical data on the US economy, public statements of American politicians, materials from CNN, Axios, Bloomberg Businessweek, The Washington Post were used.
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