Economy
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Harris wants to cap child care costs and expand the child tax credit. Trump’s solution? Tariffs.
Harris has proposed capping families’ child care costs to 7% of their income and offering families of newborns up to $6,000 in the first year of the child’s life. Trump, on the other hand, has focused on tariffs as a solution to the child care crisis, despite evidence showing they would only raise costs for…
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Harris wants to lower grocery prices by taking on price gouging. Trump’s plan would increase prices.
Kamala Harris has said that she will call on Congress to pass a federal ban on price gouging and give the federal government more authority to prevent consolidation in the food industry, if elected. Donald Trump, on the other hand, wants to impose tariffs and reduce food imports, a plan that would cause food prices…
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Harris’ plans aim to make housing more affordable. Trump’s plans are less clear.
Harris has vowed to increase the available housing supply by three million homes and to provide lower-income first-time homebuyers with up to $25,000 in down payment support. Trump, on the other hand, has offered no specific plans for addressing the housing crisis.
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Fed’s decision to cut interest rates could lower housing costs
The announcement from the Federal Reserve will lower mortgage rates and encourage more building of apartments, which could lower rental costs.
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High food prices are hurting Michigan families. Here’s what Kamala Harris has proposed to lower costs.
The vice president has said that she will call on Congress to pass a federal ban on price gouging and give the Federal Trade Commission more authority to prevent consolidation in the food industry.
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Kamala Harris proposes plan to make it easier for Michiganders to start small businesses
Harris has proposed expanding a tax deduction for costs that are incurred while starting a business, creating a new fund that would allow the country’s smallest banks to cover the interest accrued on loans to new businesses, and more.
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Kamala Harris wants to make it easier to afford housing in Michigan
After years of a worsening housing crisis in Michigan, Kamala Harris’ proposals seek to create three million homes by 2028, provide down payment assistance to first-time home buyers, and crack down on price fixing among corporate landlords.
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How the Biden-Harris administration expanded child care benefits in Michigan
Harris has also sought to align school and work hours, expand after-school and summer programs, and guarantee paid leave for parents and caregivers.
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Big corporations are suing to block Biden’s efforts to lower costs
From the cost of medication to education to everyday expenses, the Biden administration has passed several laws and implemented many federal rules taking on giant corporations, but big businesses are fighting tooth and nail to protect their profits.
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Millions of Americans could file their taxes for free starting in 2025
The IRS’ Direct File program was rolled out on a limited basis in 12 states this past tax-filing season and saved 140,000 taxpayers who used it an estimated $5.6 million in filing costs. Now, the agency is looking to expand it nationwide.
