Harris, the sitting vice president, has embraced an active government role in regulating markets and implementing tax policies aimed at achieving social goals. In contrast, Trump, the former president, advocates for reducing government intervention in the economy, proposing to roll back regulations and cut taxes.
Harris, who is expected to formally accept her party’s nomination at the upcoming Democratic National Convention in Chicago, has laid out several proposals that extend beyond those of President Biden.
Among her key ideas are the establishment of federal authority to ban price gouging in food and groceries, and the introduction of new laws to curb corporations from buying single-family homes and raising rents.
She also plans to address the housing shortage through tax breaks for building homes for first-time buyers and to ease child-rearing costs with subsidies for newborn children.
On the other hand, Trump’s plan focuses on minimizing the government’s role in the economy. He is recommending policies that spur economic growth and curb inflation.
