Vice President Kamala Harris intends to support small business owners and entrepreneurs by reducing their expenses and increasing their access to capital. Trump’s tariff proposal, however, could cause small businesses’ costs to rise.
Trump’s proposed tariff of between 100% and 2,000% on foreign-made cars entering the US would raise prices on both domestic and imported cars and “likely send thousands of US workers to the unemployment line,” according to Howard Gleckman, a senior fellow in the Urban-Brookings Tax Policy Center at the Urban Institute.
Trump’s plan would effectively be a sales tax that disproportionately harms working-class families and could cause a trade war that hurts US companies, economists say.
In response to the report, the Harris-Walz campaign released an analysis of its own, outlining how Trump’s agenda would raise costs for over 4.4 million North Carolina households by an average of $3,954 per year.
Two weeks ago, the mountain towns of North Carolina experienced one of the worst natural disasters in the state’s history. Members of the communities recall Helene’s impact, the response from everyday people, and what comes next.
Abortion funds are a crucial piece of support that abortion seekers have in the South, and the need will overwhelm us so long as we continue to be driven by instances of rage and moments of fury.
Kamala Harris has proposed increasing the corporate tax rate, expanding the child tax credit, and cutting taxes for more than 100 million working and middle class Americans. Donald Trump, meanwhile, said he wants to permanently extend tax breaks that primarily benefited the ultra-wealthy and corporations.
These actions include issuing advisories to prevent debt collectors from targeting families with illegal medical debt collection tactics and cracking down on certain collectors. The new efforts could have a major impact in North Carolina, where as many as three million people are affected by medical debt.
Harris has proposed capping families’ child care costs to 7% of their income and offering families of newborns up to $6,000 in the first year of the child's life. Trump, on the other hand, has focused on tariffs as a solution to the child care crisis, despite evidence showing they would only raise costs for families.
Kamala Harris has said that she will call on Congress to pass a federal ban on price gouging and give the federal government more authority to prevent consolidation in the food industry, if elected. Donald Trump, on the other hand, wants to impose tariffs and reduce food imports, a plan that would cause food prices to increase.
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Opinion: The broken ‘American Dream’ shines a light on a new path to Mexico
by Araceli Cruz
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