Kamala Harris' economic policies differ greatly from those of the current President Biden in many ways. For example, she advocates for "Medicare for All" and has proposed a different tax plan than Biden, including a more limited student loan relief plan. A major challenge is that the main tax cuts of the Tax Cuts and Jobs Act will expire after 2025. If Congress does not act, this may lead to tax increases for more than 60% of Americans.

Divergence in tax positions

Biden advocates raising taxes on the rich and corporations, while it remains uncertain whether Harris will stick to not raising taxes on people earning less than $400,000 a year. She proposed a higher corporate tax rate than Biden during the 2020 campaign, which made her tax policy a focus of attention within and outside the party.

Challenges

Harris will have to deal with the complicated legacy of Biden's economic policies. Despite low unemployment and strong economic growth, only 37% of Americans have a positive view of Biden's economic policies, and inflation remains a major concern. Moreover, the federal debt has risen sharply since Biden took office, which will undoubtedly increase Harris' policy challenges.

Can Harris' economic policies bring new life to the US economy, or will it struggle in Biden's shadow? This will be an important issue she needs to solve in the future. #美国大选如何影响加密产业？ #美国以太坊现货ETF开始交易 #拜登退选 #比特币大会 #政策 $BTC $ETH $SOL