• Harris & Trump say their plans will lower inflation. Will they?

  • Aug 30 2024
  • Duración: 26 m
  • Podcast

Harris & Trump say their plans will lower inflation. Will they?

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  • Will a change in office help or hurt the cooling inflation trend we’re seeing? In this episode of Capitol Gains, host Rachelle Akuffo is joined by Washington correspondent Ben Werschkul and columnist Rick Newman as they discuss debt and inflation following the release of Vice President Harris's economic plan for housing and tax credits. “Both sides are proposing ideas that would be inflationary, not deflationary,” Werschkul points out. Harris is pushing a tax credit for home buyers that “could push prices.” Meanwhile, Trump’s tariff strategy could also lead to rising costs. Trump’s "approach—60% tariffs on China and 20% on everyone else—could lead to between $2,600 and a for a, a family, or $3,900, depending on different estimates,” adds Weschkul. “The professional economists who are looking at what they say they want to do,” remarks Newman. “Are saying no, it's going to do the opposite… their policies are actually going to make inflation worse.” Jaret Seiberg, Washington Research Group's managing director of TD Cowan, joins the conversation to explain what it all means in the long term. Capitol Gains is Yahoo Finance’s unique look at how US government policy will impact your bottom line long after the Presidential election polls have closed. Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
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