The 7 differences between the economic programs: Harris vs Trump
- Apr 2
- 2 min read
A central issue for American voters 🧭 The economy is the main concern for American voters as the 2024 presidential election approaches
A key issue for American voters 🧭
The economy is the main concern for American voters as the 2024 presidential election approaches. According to the results of a Gallup poll, 52% of respondents say this issue will play a key role in their decision on election day, scheduled for November 5.
Aid to Industry 🏭
Kamala Harris:
It offers significant tax incentives to encourage industrial production, particularly in future-oriented sectors such as electric vehicles and semiconductors .
It also emphasizes support for small businesses and the middle class .
Donald Trump:
It favours the military-industrial complex and supports fossil fuels, with an emblematic slogan: "Drill baby drill" .
Indicates a return to policies favorable to internal combustion engine vehicles and increased deregulation , while supporting cryptocurrencies.
Wealth taxes 💰
Kamala Harris:
Pledges not to raise taxes for households earning less than $400,000 .
Proposes higher tax rates for the very wealthy, in order to support working-class households and the middle class.
Donald Trump:
Reduced the tax rate for the wealthiest during his term from 39.6% to 37% .
Wants to minimize the tax burden on businesses by pursuing pro-business policies.
Business taxation 🏢
Kamala Harris:
It wants to increase the corporate tax rate to 28% to finance its programs, particularly those supporting low-income households and innovative sectoral initiatives.
Donald Trump:
Lowered corporate tax from 35% to 21% , believing that this would encourage investment and job creation.
Family tax credit 👨👩👧👦
Kamala Harris:
Wants to restore a child tax credit of up to $3,600 per child , to directly help struggling families.
Donald Trump:
It also offers a family tax credit, but with lower levels of support than Harris.
Affordable housing 🏘️
Kamala Harris:
It presents measures to promote the construction of affordable housing , including tax credits to support first-time buyers and stimulate supply in the housing market.
Donald Trump:
Wants to reduce regulatory barriers to increase access to homeownership.
Supports policies to make housing more accessible, without specific details.
International trade 🌐
Kamala Harris:
He criticizes Trump's tariffs and does not foresee new tariffs .
Donald Trump:
Promises tariffs of 10% to 20% on all imports and up to 60% on Chinese products .
Price reduction 🛒
Kamala Harris:
Proposes to ban overcharging on food.
Donald Trump:
Wants to reduce prices by increasing energy production.
Conclusion: Two contrasting economic visions ⚖️
Kamala Harris aims for an inclusive growth model , with a priority given to families and the energy transition .
Donald Trump favours businesses , deregulation , and tax incentives .
And what about the stock market? 📈
Historical US stock market performance shows no clear divergence between Democratic and Republican presidencies . However, the current rally appears to favor Trump , whose pro-business policies appeal to investors.
At Evvest , we remind you that presidential economic decisions can have medium-term effects , but global fundamentals and international diversification remain key for investors.
