What to Expect for Inflation, Jobs, and the Deficit After Trump or Harris Wins
Inflation, jobs, and the deficit are pivotal issues in the upcoming elections. Current polling suggests that Americans view economic stability as urgent. This article delves into how the policies proposed by Trump and Harris may shape the future economic landscape.
Potential Effects of Trump’s Policies
If Trump secures another term, we might see inflationary pressures continue, especially if tax cuts are reinstated. The deficit could widen due to increased spending without effective revenue increases.
Unemployment Trends
- Tax reforms aimed at businesses
- Job creation programs to boost recovery
Potential Effects of Harris’s Policies
Conversely, Harris's approach could lead to more equitable job growth by investing in infrastructure and green energy, potentially mitigating some inflation effects. However, increased government spending might also raise the deficit.
Future Employment Outlook
- Increased minimum wage
- Small business support
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.