Vice President Kamala Harris’s campaign announced Tuesday that she has received over 400 endorsements from “independent economists and economic policy experts,” including President Joe Biden’s top economic adviser, Brian Deese, and former Labor Secretary Marty Walsh.
In a letter signed by 405 professors, advisers, researchers, and former executive branch staffers, the group wrote, “Harris has a proven record of economic leadership throughout her career.”
The 405 signees warn that another Trump presidency would “risk reigniting inflation and threaten the United States’ global standing and domestic economic stability.”
Meanwhile, Trump held an economics speech Tuesday in Savannah, Georgia, a major port city. In it, he announced a 100 percent tariff on every car manufactured in Mexico, proposed a 15 percent corporate tax rate, and vowed to give U.S.-based manufacturers “expanded research and development tax credits” that will permit them to write off the total price of heavy machinery on their taxes for the first year.
“Under my plans, American workers will no longer be worried about losing your jobs to foreign nations. Instead, foreign nations will be worried about losing their jobs to America,” said the Republican nominee.
The former president also laid out plans to cut energy and electricity prices by 50 percent within one year and end Biden’s electric vehicle mandate, which aims to have 56 percent of automobile sales be EVs by 2032.
Trump said he is confident that his economic plans are going to result in an explosion of labor growth in the United States within two years.
“Under my leadership, we’re going to take other countries’ jobs,” Trump told his supporters. “Have you ever heard that expression before?”
Howard Lutnick, the CEO of Cantor Fitzgerald, one of the world’s top financial services firms, said in a post on X last month that he believes Trump’s economic policies reducing regulation and lowering taxes “really work for our American economy.” Trump also has the support of the world’s richest man, Elon Musk, and the endorsement of outspoken Jewish billionaire hedge fund manager, Bill Ackman.
Election Day is exactly six weeks from Tuesday. Harris leads Trump 47 to 40 in the latest Reuters/Ipsos poll.