Vice President Kamala Harris on the Economy - Live from Pittsburgh, Pennsylvania | Harris-Walz 2024

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The fire marshal had to restrict entry into #KamalaHarris’s #economic speech at the Philip Chosky Theatre on Carnegie Mellon University’s campus in #Pittsburgh. The auditorium is full, & there are scores more outside being told they won’t be allowed in.

#CrowdSize

The #Harris campaign distributed a ~80-pg white paper called "A New Way Forward for the #MiddleClass," on #economic #policy, to the VIPs & reporters. There are 13 chapters, including “Cut Taxes for #WorkingPeople” & “Invest in #SmallBusinesses That Drive #Growth #Innovation & #Jobs.”

#OpportunityEconomy #economy #KamalaHarris #VoteBlue #HarrisWalz2024

#KamalaHarris noted that the #FederalReserve lowered interest rates last week, saying that the move would “make it just a little easier for #families to buy a home or a car or just pay down a credit card.”

#Harris started the speech by acknowledging that the cost of living is too high, but saying those costs rose well before the pandemic. before #Biden & she took office.

#OpportunityEconomy #economy #KamalaHarris #VoteBlue #HarrisWalz2024

#KamalaHarris on #Trump’s #economic agenda: “You see, for Donald Trump, our #economy works best if it works for those who own the big skyscrapers, not those who actually build them, not those who wire them, not those who mop the floor.”
Harris is presenting herself as a #pragmatist unbound by ideology.”We shouldn’t be constrained by ideology, & instead should seek #practical solutions to problems,”she says, offering herself as a #technocrat#qualified & #capable.
#unions #labor
#HarrisWalz2024

#KamalaHarris’s recent remarks on the #economy have focused on aiding the ambitions of young #families, first-time #homeowners & #SmallBusiness owners. Today, Harris is expanding that vision, to people who are struggling to make ends meet.

“I am a #capitalist,” #Harris said, directly countering #Trump’s BS attack #lies that she is a left-wing socialist.

#OpportunityEconomy #economy #KamalaHarris #VoteBlue #HarrisWalz2024

“I want Americans & families to be able to not just get by, but be able to get ahead, to #thrive. I don’t want you to have to worry about making your monthly #rent if your #car breaks down. I want you to be able to save up for your child’s #education, to take a nice vacation from time to time. I want you to be able to buy Christmas presents for your loved ones w/o feeling anxious when you’re looking at your bank statement.” - MVP #KamalaHarris

#OpportunityEconomy #VoteBlue #HarrisWalz2024

“I want you to be able to build some #wealth, not just for yourself, but also for your children & your grandchildren, #IntergenerationalWealth.”

“I will engage in what #FranklinRoosevelt called bold, persistent experimentation, because I believe we shouldn’t be constrained by ideology, & instead, should seek practical solutions to problems, realistic assessments of what is working…, applying metrics to our analysis, applying facts to our analysis…

- #KamalaHarris

#economy #HarrisWalz2024

“…& stay focused … Not only on the crises at hand, but on our big goals, on what’s best for America over the long term.

“I’ve always been, & will always be, a strong supporter of #workers & #unions, & I also believe we need to engage those who create most of the #jobs in America.

“Look, I am a #capitalist. I believe in free & fair markets.”

- MVP #KamalaHarris

#OpportunityEconomy #economy #VoteBlue #HarrisWalz2024

“I believe in consistent & transparent #rules of the road to create a #stable #business environment, & I know the power of American #innovation. I’ve been working w/ #entrepreneurs & business owners my whole career, & I believe companies need to play by the rules, respect the #rights of #workers & #unions & abide by fair competition, & if they don’t, I will hold them accountable.”

- MVP #KamalaHarris

#OpportunityEconomy #economy #VoteBlue #HarrisWalz2024

#KamalaHarris is now talking about the sorts of policies she would pursue as president, reiterating pledges she has previously made to assist #families w/ #childcare costs, a #MiddleClass #TaxCut & spur the #construction of #AffordableHousing:

“Under my plan, >100M Americans will get a middle-class tax break that includes $6k for new parents during the 1st yr of their child’s life to help families cover everything from car seats to cribs.”

- #KamalaHarris

#OpportunityEconomy #HarrisWalz2024

“We’ll also cut the cost of #childcare & #ElderCare, & finally, give all working people access to #PaidLeave, which will help everyone caring for #children, caring for aging #parents & that sandwich generation, which is caring for both.”

- MVP #KamalaHarris

#OpportunityEconomy #economy #VoteBlue #HarrisWalz2024

“We will also go after the biggest drivers of cost for the #MiddleClass & work to bring them down.And…some would argue, one of the biggest is the cost of #housing. So here’s what we will do. We will cut the red tape that stops homes from being built & take on… #corporate #landlords who are hiking #rent prices &…work w/ #builders & #developers to #construct 3M new #homes & rentals for the middle class, because increasing the housing supply will help drive down the cost of housing”
- #KamalaHarris

“Then we will also help first time homebuyers just get their foot in the door with the $25k down payment assistance.”
- MVP #KamalaHarris

#OpportunityEconomy #economy #VoteBlue #HarrisWalz2024

#Trump’s policy on housing has centered on #MassDeportations of undocumented immigrants, who he argues have increased demand for housing and, therefore, costs.

More on that racist nationalist approach to housing:
https://www.theguardian.com/us-news/article/2024/jul/15/trump-economy-inflation

‘This just isn’t going to add up’: experts warn Trumponomics would hurt US

Trump says he has plan to immediately lower inflation. Economists predict high tariffs and tax cuts would raise it

The Guardian

#Harris announces plan to promote #entrepreneurship

#LoweringCosts was “the first pillar” of her #economic policy, & now #KamalaHarris is getting into her “second pillar”, which she said was “investing in American #innovation & entrepreneurship.”

“There has been no incubator for unleashing human potential like America, & we need to guard that spirit.” - MVP #KamalaHarris

#OpportunityEconomy #economy #VoteBlue #HarrisWalz2024

“We can make it easier for our #SmallBusinesses to access #capital. On avg, it costs about $40k to start a new business, but currently, the tax deduction for #startups is only $5k.…In 2024 it is almost impossible to start a business on $5k which is why as president, I will make the #StartUpDeduction 10X … we will raise it from $5k to $50k #TaxDeduction & provide low- & no-interest #loans to small businesses that want to expand.”
- #KamalaHarris

#OpportunityEconomy #economy #HarrisWalz2024

#KamalaHarris also set the goal of 25M new applications for #SmallBusinesses by the end of her first term – Jan 2029.

#Harris vowed to make the #US a leader in emerging #technologies like #AI & #QuantumComputing.

Warning that the US’s rivals, particularly #China, are catching up, Harris said that the “third pillar” of her #EconomicPlan would be focused on ensuring the US is the leader in #tech #innovation, & on cutting red tape that slows down project completion.

#economy #HarrisWalz2024

“I will recommit the nation to global leadership in the sectors that will define the next century. We will invest in #biomanufacturing & #aerospace, remain dominant in #AI & #QuantumComputing, #blockchain & other emerging #technologies, expand our lead in #CleanEnergy #innovation & #manufacturing, so the next generation of breakthroughs from advanced #batteries to #geothermal to advanced #nuclear are not just invented, but #built here in #America by American #workers.”

- #KamalaHarris
#VoteBlue

Turning to #unions, #KamalaHarris promised to “double the number of registered #apprenticeships by the end of my first term”. #Harris also proposed eliminating “#degree requirements while increasing #skills development”, [aka the #PaperCeiling] something she said she would do for federal #workers.

#OpportunityEconomy #economy #VoteBlue #HarrisWalz2024

She then turned to the pace of #construction in the #UnitedStates, which she argued was too slow:

“But the simple truth is, in America, it takes too long & it costs too much to #build. Whether it’s a new #housing development, a new #factory or a new #bridge, projects take too long to go from concept to reality. It happens in blue states, it happens in red states, & it’s a national problem. And …China is not moving slowly. They’re not & we can’t afford to either.”

- MVP #KamalaHarris

#economy

#Harris wrapped up her speech by attacking the #economic policies #Trump announced yesterday, saying many of them were rehashes of policies he proposed in 2016, but did not execute as president.

“On Trump’s watch, #offshoring went up & #manufacturing jobs went down across our country & across our #economy. All told, almost 200k manufacturing #jobs were lost during his presidency, starting BEFORE the pandemic hit, making Trump one of the biggest losers ever on manufacturing.”
- #KamalaHarris

“Donald Trump also talked a big game on our #TradeDeficit w/ #China, but it is far lower under our watch than any year of his admin.
While he constantly got played by China, I will never hesitate to take swift & strong measures when China undermines the rules of the road at the expense of our #workers, our #communities & our companies, whether it’s flooding the market w/ inferior steel or…unfairly subsidizing #shipbuilding or hurting our #SmallBusinesses w/ #counterfeits.”

- MVP #KamalaHarris

“Understand …, these so-called [#Trump] policies … really are not about a plan for strengthening our #prosperity or our #security,” #Harris said.

She then repeated a promise she made, to applause, when accepting the nomination at last month’s Democratic national convention:

“I will never sell out America to our competitors or adversaries, never, never. And I will always make sure we have the strongest #economy & the most lethal fighting force anywhere in the world.”

- MVP #KamalaHarris

@Nonilex Regardless, whatever hare brained technological or financial scheme may emerge, Americans will invest in it. Because that money has to be invested somewhere.
@Nonilex I could do without the AI and the Blockchain, but other than that I like it.

@Nonilex
Maybe we can get them to survive longer too. That would help a lot:

https://www.commerceinstitute.com/business-failure-rate/

What Percentage of Businesses Fail Each Year? (2025 Data)

New data from the U.S. Bureau of Labor Statistics data reveals the real failure rate for small businesses across every industry.

Commerce Institute
@Nonilex worth noting that much of the US home construction industry uses immigrants, including undocumented immigrants. I suspect home construction would drop dramatically and become more expensive if they were deported. Same for food production in the US.

@Nonilex

amazing how she can be a #capitalist and support #unions.

#capitalism is antidemocratic, and creates very unfair and nonfree markets. When will these people ever figure this out?

@Nonilex

"I believe in free & fair markets."

So what was all that talk about price controls on things like pharmaceuticals?

@Nonilex Hmm, what’s the definition of « socialist » again ?

(But well, in my book the Dems are centrists, with the left wing being barely leftist, so this is ridiculous anyway).

@Nonilex I dare say she is - & that's why she's somewhat unsatisfactory - but still preferable to Donald Trump. The lesser of two evils can't be described as a good.