Mr. Biz®️ Breakdown of the Trump & Harris Proposed Economic Policies
Manage episode 440792557 series 3299978
Ken "Mr. Biz" Wentworth breaks down the economic policies of U.S. presidential candidates, Donald Trump and Kamala Harris. He dives into key issues such as the federal debt, tariffs, corporate and personal taxes, and proposals like down payment assistance for housing, taxing unrealized gains and capital gains tax changes. With a focus on facts and thoughtful analysis, Mr. Biz®️ navigates through proposed policies, offering insights and opinions on their potential impact on the economy. Join Mr. Biz®️ for a detailed and critical look at the economic plans shaping the future. Key Takeaways: -National Debt Concern: Ken emphasizes the critical issue of the escalating national debt, noting the current figure of $35 trillion and the daily interest burden of $2 billion. -Tariffs Analysis: The show breaks down the ongoing debate on tariffs, discussing Trump’s current policies and Harris’s criticisms, while highlighting the potential long-term economic impacts. -Corporate Taxes Debate: Ken delves into the proposed changes to corporate tax rates, discussing the potential consequences of Trump's and Harris's plans, and advocates for a balanced approach. -Personal Income Tax Implications: Insightful analysis is provided on proposed changes to capital gains, taxing unrealized gains and the introduction of a minimum tax rate for ultra-wealthy individuals. -Policy Cost Considerations: Ken repeatedly points out the lack of clarity on how various new policies, such as Harris’s startup business tax credit proposal, will be funded.
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