By Isaac Perez
On Wednesday, the sixth of November, the President of the United States, Donald Trump, was announced President-elect by the electoral votes 312:226, surprising from a not-so-great campaign.
Emphasis on the “not so great” part because after Trump is done with the United States due to his constant critiques of immigrants (soon to be enforcing policies) and is going to get rid of the Department of Education.
On the other hand, while his policies aren’t that great, what stands out to me is his advocation for upcoming business, including tax cuts and deregulation. This would probably catalyze economic growth and increase corporate profit, therefore giving people openings to more jobs.
As well as he planned to bring the wars that the United States is helping to an end (quickly and hopefully humanely).
At the beginning of the voting process, everybody, including myself, believed that Ex Vice President Kamala Harris would beat Trump’s campaign easily. But after it hit around six or so, which is usually when people leave work, Trump’s number began to skyrocket.
Contrary to popular belief, I believe that if Harris won, it would’ve meant coalition and prosperity. This is due to many reasons, such as her promises of helping the middle class, lower energy costs, and affordable healthcare.
Trump’s idea of taxation means that the rich get richer and the poor get poorer. This is seen in many statistics that show that on Trump’s side, the more income you make, the less you get taxed. Now, with Kamala, it is apparent that she wants to help the middle class by lowering energy costs and making healthcare more affordable.
Making things more affordable is huge because most people with low-end jobs don’t have the pleasure of having healthcare plans paid for by their companies, thus helping us out in the long run.
Other important information that must be established includes Trump’s new Tariff policy. According to taxfoundation.org, “President-elect Trump has promised to impose steep new taxes on trade, including a 10-20 percent tariff on all imports, at least a 60 percent tariff on Chinese imports, and a 25-100 percent tariff on Mexican imports.”
This will, as a result, cause the companies that asked for those imported goods to pay that upcoming tax. This isn’t good since they’re quite literally almost paying double for their product. Therefore, they’re going to want more demand from the people buying the finished product, thus asking for an upcharge.
To transition over, Kamala’s economic policies, such as the Child Tax Credit, will provide a $6,000 tax break for new parents. She will also make the home affordable for first-time buyers with a $25,000 down payment assistance, as shown in the article “16 Economic Policy Changes Kamala Harris Would Implement If Elected” by Investopedia.com. Moreover, on housing, she will decrease rental pricing for low-income families by boosting the Low-Income House Tax Credit (LITHC).
In conclusion, Kamala should’ve been the obvious victor in this election. Trump might just ruin this country in the long run or even as soon as he gets in office; time will tell.
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