https://issuesinsights.com/2024/10/31/harris-and-trump-economic-records-belie-experts-opinions/
Given the terrible economic distress the American people have undergone during the past four years, it was inevitable that the nation’s newspaper of record on economic issues would conduct a poll on what effects economists think the respective policies of the two major candidates would have if elected.
It was also entirely predictable that the designated experts would find that the candidate from the party inclined toward catastrophically dire high spending and taxes has more-promising economic policies than the representative of the party with a merely disastrous spending and tax record during this century.
“Most economists think inflation, interest rates and deficits would be higher under the policies former President Donald Trump would pursue in a second administration than under those proposed by Vice President Kamala Harris, according to a quarterly survey by The Wall Street Journal,” the Journal reports.
Trump’s major offense, the economists argue, is in proposing to cut taxes on income and to raise taxes on consumption, the latter through tariffs on imports from China and possibly other disfavored countries. Harris has proposed less in tax cuts than Trump, which the economists see as a good thing, and apparently they have discounted all of Harris’ spending promises as of little consequence: “While neither Trump nor Harris has expressed much appetite for fiscal rectitude, 65% of economists see Trump’s proposed policies putting more upward pressure on the federal deficit, up from 51% in July,” the paper reports.
