The economic pledges of the two candidates in the U.S. presidential election are also considered a winning or losing tool.
The big goal of 'America First' and economic revival is similar, but
Reporter Yoon Hyun-sook summarized the economic policies of the other two candidates in the
course.
[Reporter]
U.S. economists say there is a large intersection between Vice President Kamala Harris and former President Donald Trump's economic policies.
No matter who becomes it, tariffs are expected to raise trade barriers and implement U.S.-first policies.
[Mark Weinstock / Professor of Economics at the University of America: Spending on the defense budget is similar for both candidates. Both candidates are protectionists.
It is also consistent to speed up the reconstruction of U.S. manufacturing and keep China in check.
Both candidates say that reducing the fiscal deficit is out of priority, so the national debt is also expected to grow.
If Harris becomes president, the fiscal deficit is expected to increase by $3.5 trillion over 10 years, and if Trump takes power, it will increase by $7.5 trillion.
[PRAVAL DAY / Professor of Economics at the City University of New York: Both will increase debt, but the Harris administration will still have a relatively smaller fiscal deficit than Trump.]
The voices calling for large-scale tax cuts are the same, but the detailed plans are different.Harris, who advocated an 'economy of opportunity'
, made an economic pledge to cut 100 million middle-class people.
It said it would raise income tax for the wealthy and raise corporate tax for large corporations to 28% to cover tax revenue.
[Lisa Gross / Pennsylvania resident] Trump doesn't care who lives and dies or who's wealthy, but Harris will vote because she's different.]
{전}Trump's 'all-way tax cuts' stance plans to fill the barn with more tariffs on foreign companies.
Instead of imposing ultra-high tariffs of up to 20% on foreign imports and 60% on Chinese products, corporate taxes will be drastically lowered to 15%.
[Brian Young / Pennsylvania resident] Low corporate tax rates help maintain employment in our region and in rural America as a whole. This is the biggest reason for Trump's support for the second term.
Attention is focused on which economic policies Americans will give higher confidence to.
I'm YTN's Yoon Hyunsuk.
※ 'Your report becomes news'
[Kakao Talk] YTN Search and Add Channel
[Phone] 02-398-8585
[Mail] social@ytn.co.kr
[Copyright holder (c) YTN Unauthorized reproduction, redistribution and use of AI data prohibited]
International
More- EU diplomatic chief's visit to Korea..."We will upgrade security and defense cooperation with South Korea"
- British Conservative Party's new leader, 'first black woman' Vaidnock... "when it's renewed"
- WP "The worst-case scenario for sending troops to North Korea is global conflict."
- Putin aide "If U.S. fuels Ukraine war, World War III"