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Cryptocurrency News Articles
Trump vs Harris 2024 Debate – The Battle Has Begun
Sep 12, 2024 at 03:04 am
This year's 1st debate between political candidate Donald J. Trump and Kamala Harris occurred on September 10th at 9 pm. The event was filled with intense moments between the rivals as they discussed a myriad of issues ranging from inflation to immigration.
This year's 1st debate between political candidates Donald J. Trump and Kamala Harris occurred on September 10th at 9 pm. The event was filled with heated moments between the rivals as they covered a wide range of topics, from inflation to immigration. Being one of the most watched debates in history, the 90-minute-long conversation highlighted many policies and issues. Here's what you need to know about the Trump vs Harris debate 2024 and how it could affect the markets moving forward.
The event was set to follow some strict rules to help ensure the candidates didn’t exceed the time limits or talk over each other. As the national election is less than 55 days away, this conversation provided both candidates with a way to clarify their stance on many hot-button issues. Notably, it took place at Philadelphia’s National Constitution Center. This location has been crucial in the US Constitution studies, making it an ideal location for political discourse.
Trump vs Harris 2024 Debate rules
This debate had some rules present to help make the event run smoothly. The new rule set included no interruptions as each candidate would have a podium and microphone that would only be on during their turns. Each candidate was also given preset time limits to answer and rebuttal their opponents. Additionally, no props or notes were allowed and no questions or topics were provided to the participants before the event.
Trump vs Harris 2024 Debate Hosts
The debate had two well-known hosts from the ABC network, David Muir and Linsey Davis. Muir is the host of ABC World News Tonight, and Davis anchors World News Tonight. As such, they both have experience dealing with politicians and overall did a good job of preventing the two participants from going over time or breaking rules.
Economic Issues Led the Debate
The debate started with the top subject for American voters, the economy. The debate moderators asked the candidates about their economic plans, policies, and goals. The US economy continues to experience volatility following years of COVID-19 restrictions, economic bubbles, and shipping woes. Each candidate took a moment to shed light on their economic plans.
Harris responded first by introducing her new economic policy as an “Opportunity Economy.” She explained that she grew up in a middle-class family and that she didn’t inherit $400M from her father, an amount later rebuked by her opponent. She discussed how her economic policy would be geared towards helping the middle class.
Part of her strategy would be to provide a $50k tax credit to call new business owners. This credit would allow these individuals to “pursue their dreams” and help to fortify the economy from the middle outwards. She went on to criticize Trump's policy of providing large tax cuts to the wealthy.
In response, Trump cited his economic statistics during his first term in office. He stated that he had built the greatest economy the world has ever seen before claiming that Harris was incorrect in her assumption that his economic policy was based on cutting taxes for billionaires. Trump went on to explain that tariffs would help fund his economy, not taxing the middle class.
Trump vs Harris – Inflation
Inflation was a main topic for the candidates, who shared different perspectives on how the country arrived at this point and the best option to follow moving forward. Trump noted that the economic woes were not targeting any class in particular and that all Americans were feeling the crunch. He also stated that inflation was much higher than stated due to the way it was reported using averages.
Source – Econofact
Trump then described how some products had seen nearly 80% inflation, like eggs. Trump pointed to his first term and the economic growth experienced before the COVID-19 pandemic. He explained that the economy was much healthier under his presidency before blaming the Biden and Harris administrations for losing the economic advantage due to bad management.
Harris shared some interesting data regarding how her administration was able to build on the economic growth following COVID-19 to help regain the country's strength. She explained that her policy of opportunity economics was powered by the average American and not billionaires. She also expressed a desire to help entrepreneurs take their business concepts and make them a reality to help fund the future economy.
Trump vs Harris – Taxes
Taxes were another hot-button issue that the two candidates faced off against. Kamala spoke on Trump's plan to raise income tax on the average citizen and give billionaires tax cuts. She expressed a desire to create more middle-class tax cuts and introduce incentives for the average person to build up wealth. She then expressed disbelief in an approach that begins with the wealthiest individuals first.
Trump fired back at Harris stating that he never proposed major tax increases for American citizens. He explained that this plan would derive additional income via tariffs on foreign countries. Trump said that he was the first president to impose hard tariffs on China which resulted in billions in revenue. He then asked Harris why they remained in place during her term as a vice president if they didn
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