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Taxes, Tariffs and More: 5 Key Economic Stakes of the Election
By
Janet Levaux
Analysis November 05, 2024 at 02:25 PM
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What You Need To Know
- The impending expiration of the 2017 tax cuts means tax policy will dominate Congress in the next session.
- Trump's promised to extend tax cuts passed during his first term, which Harris would do only for those earning less than $400,000.
- The biggest potential shock to business would come from Trump's plan to sharply raise tariffs to try to force manufacturers to move production to the U.S.
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