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☆ Harris pledges to 'earn the vote' of Black men, as Trump makes gains
▼ + stars: | 2024-09-17 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Vice President Kamala Harris on Tuesday laid out how her economic proposals could specifically help young Black men, a key Democratic voting bloc that polls show Republican former President Donald Trump gaining ground with in this election cycle. "I think it's very important to not operate from the assumption that Black men are in anybody's pocket," Harris said in a sit-down interview with a panel from the National Association of Black Journalists. A new poll by the civil rights group NAACP released Friday found that more than a quarter of Black men under 50 years old support Trump over Harris. At NABJ, she described embarking on an "economic opportunity tour focused on Black men" earlier this year, before she was a candidate for president. Proposals like these could help Harris address two distinct vulnerabilities for the Democratic party in this election cycle: public perceptions of the economy, and young Black men who lean toward voting for Trump.

Persons: Kamala Harris, Donald Trump, Harris, they've, — Organizations: Democratic, U.S, National Association of Black Journalists, Republican, NAACP, Trump Locations: Philadelphia , Pennsylvania, U.S, NABJ, Black

☆ Harris victory seen as most likely election outcome, according to CNBC Fed Survey
▼ + stars: | 2024-09-17 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

For the first time in the 2024 election cycle, Vice President Kamala Harris is viewed as more likely than former President Donald Trump to win the U.S. presidential election, according to a CNBC Fed Survey released Tuesday. Among the group, 48% see a Harris victory as the most likely scenario, while 41% believe Trump will win. Fifty-six percent of respondents to the CNBC Fed Survey believe a Trump presidency would be better for the stock market than a Harris administration. The respondents also forecast that Harris' economic proposals would be better for budget deficits and trade policy. They gave higher marks to Trump for how his policy proposals would impact business regulation, inflation, jobs and taxes.

Persons: Kamala Harris, Donald Trump, Harris, Trump, Joe Biden, Biden, Joel Naroff Organizations: White House, U.S, CNBC Fed, Biden, CNBC Fed Survey, Trump, Naroff Locations: Washington, Bedminster , New Jersey, United States

☆ Teamsters presidential endorsement could come this week, union says after Harris meeting
▼ + stars: | 2024-09-16 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

The International Brotherhood of Teamsters could issue its long-awaited presidential endorsement as soon as Wednesday, union spokesperson Kara Deniz confirmed to CNBC Monday following a meeting members held with Vice President Kamala Harris in Washington. We represent registered Republicans and independents," Teamsters president Sean O'Brien said in a press conference after the meeting. On Monday, Harris made her pitch for the union's endorsement in the meeting with rank-and-file Teamsters, along with O'Brien and other members of the union's executive leadership. The meeting came as both Harris and her opponent, Republican former President Donald Trump, court working-class voters. But the Teamsters president also condemned Trump's comments later in the summer, where the Republican applauded the idea of firing workers who threaten to strike.

Persons: Kara Deniz, Kamala Harris, Sean O'Brien, O'Brien, Harris, Donald Trump, Butch Lewis, Joe Biden, Trump's Organizations: Brotherhood of Teamsters, CNBC, Teamsters, Democratic, Republican, PRO, Trump, CBS, Republican National Convention, Teamster, GOP Locations: Washington

☆ Elon Musk deletes X post about Biden, Harris assassination threats after backlash
▼ + stars: | 2024-09-16 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Marc Piasecki | Getty ImagesTesla CEO and X majority owner Elon Musk wrote and then deleted a Sunday post on X that appeared to question why there weren't more assassination threats made against President Joe Biden and Vice President Kamala Harris. Musk, who has 197.8 million listed followers on X, posted the message shortly after a second apparent assassination attempt against Republican former President Donald Trump. The post was prompted by an X user who asked, "Why they want to kill Donald Trump?" "Well, one lesson I've learned is that just because I say something to a group and they laugh doesn't mean it's going to be all that hilarious as a post on X," Musk posted at 2:58 a.m. E.T. The Trump campaign did not immediately respond to CNBC's request for comment on Musk's post.

Persons: Elon Musk, Mark Read, Marc Piasecki, Joe Biden, Kamala Harris, Musk, Donald Trump, Biden, Kamala, Harris, Tesla, Trump, Musk's, Andrew Bates Organizations: Cannes Lions, Tesla, Republican, National Labor Relations Board, CNBC Locations: Cannes, France

☆ Trump safe after possible gunshots 'in his vicinity,' campaign says
▼ + stars: | 2024-09-15 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: 1 min

Republican presidential nominee and former U.S. President Donald Trump gestures during a press conference at Trump National Golf Club, in Rancho Palos Verdes, U.S., September 13, 2024. Former President Donald Trump was safe on Sunday after his campaign said it heard gunshots fired in his vicinity. The sounds were heard on Trump's golf course in West Palm Beach, Florida, where the the Republican presidential nominee was golfing, a source familiar with the matter told NBC News on Sunday. The former president was immediately taken to a safe location, the source said. The Secret Service said in a statement posted on X that it was "investigating a protective incident" involving Trump.

Persons: Donald Trump, Trump Organizations: Trump National Golf Club, CNBC, Republican, NBC, Trump Locations: Rancho Palos Verdes , U.S, West Palm Beach , Florida

☆ ‘A piece of garbage’: Republican Ohio Gov. condemns Trump-Vance false immigrant pet-eating conspiracy
▼ + stars: | 2024-09-15 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Mike DeWine of Ohio on Sunday rebuked the false conspiracy theories that have been amplified by former President Donald Trump and his running mate, Ohio Sen. JD Vance, about Haitian immigrants stealing and eating people's pets in Springfield, Ohio. Trump and Vance have both tripled down on spreading the false rumors, despite growing pleas from Ohio governing officials for them to stop the misinformation. "This discussion just has to stop," DeWine said. Following the comments from Trump and Vance, Springfield schools have faced bomb threats, forcing evacuations and temporary closures. "He's going to do well in Ohio," DeWine said.

Persons: Mike DeWine, Donald Trump, Ohio Sen, JD Vance, DeWine, Trump, Vance, Kamala Harris Organizations: Gov, Trump, Wittenberg University, Republican Locations: Ohio, Springfield , Ohio, Springfield, Vance

☆ Taylor Swift's endorsement of Harris drives nearly 338,000 users to government voting website
▼ + stars: | 2024-09-11 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

Taylor Swift performs onstage during "Taylor Swift The Eras Tour" at Olympiastadion in Munich, Germany, July 27, 2024. Taylor Swift's endorsement of Vice President Kamala Harris in a Tuesday night Instagram post drove at least 337,826 visitors to Vote.gov, a government website that directs users to state-specific voting information, a spokesperson for the U.S. General Services Administration told CNBC. Swift released her endorsement minutes after the conclusion of the first debate between Harris and former President Donald Trump. Last year, Swift posted a similar link to the Vote.gov website to motivate her followers to register to vote. The website experienced a 1,226% traffic boost in the hour after Swift's 2023 post, NPR reported last year.

Persons: Taylor Swift, Taylor, Taylor Swift's, Kamala Harris, Swift, Harris, Donald Trump, Tim Walz, Vote.gov Organizations: U.S . General Services Administration, CNBC, NPR Locations: Olympiastadion, Munich, Germany, Vote.gov

☆ House Speaker Johnson pulls government funding bill after GOP support collapses
▼ + stars: | 2024-09-11 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

Speaker of the House Mike Johnson, R-La., conducts a news conference in the Capitol Visitor Center after a meeting of the House Republican Conference on Tuesday, September 10, 2024. The spending proposal would have funded the government until next March. But it also would include the so-called SAVE Act, a bill that would require people to show proof of citizenship to register as a voter. Former President Donald Trump has said that Republicans should not pass any spending plan without the SAVE Act attached. The Republican presidential nominee also said the GOP should be ready to shut down the government if the voter identification proposal is not in the spending bill.

Persons: Mike Johnson, Johnson, Donald Trump Organizations: Capitol Visitor Center, House Republican Conference, Republicans, GOP, NBC News, Congressional, SAVE, Democrat, Republican

But broadband companies have been focused on transitioning their customers to other affordable options to help them make up the expired discount, according to the companies’ earnings calls. In the wake of the ACP’s expiration, broadband companies have reported losing some customers. While broadband providers were generally supportive of the ACP, many in the industry believed the subsidy benefitted too wide a swath of U.S. households. During the second quarter, Charter reported a loss of 149,000 internet customers, while Comcast reported a decline of 120,000 broadband customers. Charter has tried to retain its low-income consumer base by rolling out new savings deals like offering ACP customers a free unlimited mobile line for one year.

Persons: ’, ”, Craig Moffett, “, Blair Levin, Mike Carey, Nikki Budzinski, GOP Sen, JD Vance, Ohio, Donald Trump’s, Vance quieted, ” Gigi Sohn, Joe Biden, Sohn, Wall, they’re, ” Sohn, ” Carey, ” Budzinski, Chris Winfrey, “ We’ve, ” Moffett, MoffettNathanson, Gigi Sohn’s Organizations: Charter, Verizon, Comcast, Program, Federal Communications Commission, Democratic, Republican, Street Research, CNBC, NBC News, Capitol, Republicans, Emergency, GOP, Republican House, ACP, FCC, ”, Universal Service Fund, USF, Charter Communications Locations: MoffettNathanson, Ohio, U.S, New York

In the wake of the ACP's expiration, broadband companies reported losing some customers. "But that doesn't take away from the families for whom this was important, and could now lose access to broadband." Pete Marovich | ReutersStill, Sohn believes bipartisan support for the ACP should make reauthorizing it a political slam dunk for Democrats. While broadband providers were generally supportive of the ACP, many in the industry believed the subsidy benefitted too wide a swath of U.S. households. Charter Communications CEO Chris Winfrey said in July that the ACP's expiration impacted both losses and low income broadband connections after the company had "put a lot of effort into the ACP program."

Persons: Craig Moffett, Blair Levin, Mike Carey, Nikki Budzinski, GOP Sen, JD Vance, Ohio, Donald Trump's, Vance quieted, Gigi Sohn, Biden, Pete Marovich, Sohn, Wall, they're, Carey, Budzinski, Chris Winfrey Organizations: Istock, Getty, Charter, Verizon, Comcast, Program, Federal Communications Commission, Democratic, Republican, Street Research, CNBC, Capitol, Republicans, Emergency, GOP, Republican House, ACP, Commerce, Science, Washington , D.C, Reuters, Universal Service Fund, USF, Charter Communications Locations: MoffettNathanson, Ohio, Washington ,, U.S, New York

☆ Presidential debate crib sheet: U.S. economy numbers to know
▼ + stars: | 2024-09-10 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: 1 min

Republican presidential nominee and former U.S. President Donald Trump speaks during a visit to Alro Steel manufacturing plant in Potterville, Michigan, U.S. August 29, 2024. When Vice President Kamala Harris and former President Donald Trump take the debate stage in Philadelphia on Tuesday night, expect them to arrive with a stockpile of talking points about the U.S. economy. In the weeks leading up to their head-to-head debate, hosted by ABC News, both Harris and Trump have unveiled new economic proposals. They have also tried to paint their rival as a threat to the health and stability of the U.S. economy. As the candidates try to frame the economy in favorable terms Tuesday, keep these key numbers in mind.

Persons: Donald Trump, Kamala Harris, Harris, Trump Organizations: Alro, ABC News Locations: Potterville , Michigan, U.S, Philadelphia

☆ Presidential debate live updates: Trump and Harris face off in Philadelphia
▼ + stars: | 2024-09-10 | by ( Dan Mangan Kevin Breuninger Josephine Rozzelle Brian Schwartz Rebecca Picciotto Ece Yildirim | Dan Mangan | Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Republican presidential nominee and former U.S. President Donald Trump reacts during his "No Tax on Tips" campaign event in Il Toro E La Capra restaurant in Las Vegas, Nevada, U.S. August 23, 2024. (L), and Vice President Kamala Harris smiles as she speaks at her Presidential Campaign headquarters in Wilmington, DE, U.S., July 22, 2024. Republican presidential nominee Donald Trump will square off Tuesday against Vice President Kamala Harris, the Democratic nominee, in a prime-time debate that could alter the course of an unprecedented race for the White House. It will also be the first time Harris and Trump have ever met in person, just eight weeks before the Nov. 5 election. Polling averages indicate the race is effectively tied at the national level, while surveys of the key battleground states show Trump and Harris within a few points of each other, and well within the polls' margins of error.

Persons: Donald Trump, Toro, Kamala Harris, Harris, Trump Organizations: Republican, Democratic, White, ABC News, National Constitution Center, Trump Locations: Las Vegas , Nevada, U.S, Wilmington , DE, Philadelphia

☆ Trump tells Republicans to shut down government if hardline voter ID bill gets cut from spending bill
▼ + stars: | 2024-09-10 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Former President Donald Trump on Tuesday said congressional Republicans should pursue a government shutdown if they cannot attach a hardline voting bill to the temporary funding resolution that would keep the government open. "The House Republican CR is an unserious and uncooked product," Senate Majority Leader Chuck Schumer, D-N.Y., said on the Senate floor Tuesday. That same day, the House approved the rule for the CR, which would fund the government until March 2025, with the SAVE Act included. The final House vote to pass the funding bill is set to take place on Wednesday. But even if it passes, the bill would still be dead on arrival in the Democratic controlled Senate.

Persons: Donald Trump, don't, Mike Johnson, Chuck Schumer, Johnson, Trump's, Mitch McConnell, McConnell, Sahil Kapur Organizations: Trump, Republican, Congressional Democrats, Republicans, SAVE, Democratic, Senate, NBC Locations: New York City, U.S, Ky

☆ 'Go higher': Bernie Sanders urges Harris to raise 28% capital gains tax rate proposal
▼ + stars: | 2024-09-08 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Sen. Bernie Sanders, I-Vt., on Sunday said Vice President Kamala Harris should increase her proposed 28% tax rate on long-term capital gains, marking his latest divergence with the Democratic presidential nominee's economic platform. "I would go higher than that," Sanders told NBC's "Meet the Press" of Harris' proposed capital gains tax rate. Harris on Wednesday announced her plan for a 28% tax on long-term capital gains, assets that are owned for more than one year, an increase from the current maximum rate of 20%. President Joe Biden previously proposed a capital gains tax rate of 39.6% in his fiscal 2025 budget. In 2016, Sanders campaigned for the Democratic presidential nomination with an even higher desired rate of 54.2%.

Persons: Bernie Sanders, Sen, Kamala Harris, Sanders, NBC's, Harris, Joe Biden, Mark Cuban, Reid Hoffman, Biden Organizations: Democratic National Convention, Sunday, Democratic, Wednesday, LinkedIn, Democratic Party, Republican Party Locations: Chicago , Illinois, U.S

☆ CIA director saw ‘genuine risk’ of Russia using tactical nuclear weapons early in Ukraine war
▼ + stars: | 2024-09-07 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

CIA Director Bill Burns testifies next to Director of National Intelligence Avril Haines during a House (Select) Intelligence Committee hearing on diversity in the intelligence community, on Capitol Hill in Washington, October 27, 2021. CIA Director William Burns believed there was a real risk in the fall of 2022 that Russia could use nuclear weapons on the battlefield against Ukraine, though he said the West should not be intimidated by Russian President Vladimir Putin's threats. "There was a moment in the fall of 2022 when I think there was a genuine risk of the potential use of tactical nuclear weapons," Burns said. In the more than two years since Russia invaded Ukraine in February 2022, the Kremlin has regularly signaled that it would consider using nuclear weapons in the war. It allows the use of nuclear weapons in response to an attack with nuclear or other weapons of mass destruction against Russia or its allies, as well as a conventional attack that threatens the existence of the Russian state.

Persons: Bill Burns, National Intelligence Avril Haines, William Burns, Vladimir Putin's, Burns, Richard Moore, Joe Biden's, Sergey Naryshkin, We've, Putin, Sergei Ryabkov, Ryabkov Organizations: National Intelligence, Capitol, CIA, Financial, Kremlin Locations: Washington, Russia, Ukraine, Russian, Russia's Kursk, Kursk

☆ Yellen says U.S. economy remains solid, on path to 'soft landing' with no meaningful layoffs
▼ + stars: | 2024-09-07 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

U.S. Secretary of the Treasury Janet Yellen speaks listens to a presentation during a tour at the IRS Processing Facility on September 06, 2024 in Austin, Texas. Treasury Secretary Janet Yellen sought to reassure the public on Saturday that the U.S. economy remains strong, despite a string of weak job reports that have rattled investors and weighed on the stock market. "We're seeing less frenzy in terms of hiring and job openings, but we're not seeing meaningful layoffs," Yellen said at the Texas Tribune Festival in Austin. Yellen said the U.S. is on that path: "It really has been amazing to be able to get inflation down as meaningfully as we have. This is what most people would call the soft landing," she said.

Persons: Janet Yellen, Yellen, Nonfarm, Dow Jones Organizations: IRS, Texas Tribune, of Labor Statistics, Dow, Federal Reserve Locations: Austin , Texas, U.S, Austin

☆ Trump adopts Elon Musk plan for government reform, lays out economic blueprint ahead of debate with Harris
▼ + stars: | 2024-09-05 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Former President Donald Trump and GOP Presidential Nominee speaking at the New York Economic Club in New York on Sept. 5, 2024. He added that Musk could be a "good one" to lead the commission "if he has the time." Hughes added that details on how the efficiency commission would be staffed and operated are yet to come. But Musk has repeatedly raised his hand to helm such a commission: "I look forward to serving America if the opportunity arises. The government efficiency commission plan also gives Trump a concrete proposal to attach to his attacks on what he sees as frivolous spending in the Biden-Harris administration.

Persons: Donald Trump, Elon, Harris, Trump, Brian Hughes, Hughes, Musk Organizations: New York Economic, Tesla, Biden, Economic, of New, Trump Locations: New York, of New York, America

☆ Harris unveils plan for 28% capital gains tax, softening Biden's proposal for 40% rate
▼ + stars: | 2024-09-04 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

"We will tax capital gains at a rate that rewards investment in America's innovators, founders and small businesses," the Democratic presidential nominee said at a rally in North Hampton, New Hampshire. The Wall Street Journal was first to report Harris' capital gains tax plan. Long-term capital gains, or assets held for more than one year, are currently taxed at a maximum rate of 20%. The newly minted Democratic presidential nominee has so far largely kept her economic proposals in line with those of her current boss. Harris has not announced any plans to diverge from Biden's proposal, which would tax unrealized gains for households worth at least $100 million.

Persons: Kamala Harris, Joe Biden, Harris, Ro Khanna, Biden, Khanna Organizations: Democratic, Democratic Party Locations: North Hampton , New Hampshire

☆ Trump Media stock slides under $18, a new low since it began publicly trading
▼ + stars: | 2024-09-03 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

DJT shares dropped to $17.89 per share around midday Tuesday, The stock's prior low was set on Aug. 28, when it hit $19.38 per share. The stock price was down roughly 77% from its high of $79.38 per share on March 26, following Trump Media's merger with a publicly traded special purpose acquisition company. DJT closed at $18.08 per share, down over 7% for the Wednesday trading day. Trump Media's single-day slide accompanied a broader market dip on Tuesday, especially for tech companies. Stock Chart Icon Stock chart icon DJT stock vs. Nasdaq stock exchange over six months.

Persons: Jakub Porzycki, Donald Trump, DJT, Trump Organizations: Nurphoto, Trump Media, Social, Trump, Nasdaq, Dow Jones

☆ Harris to propose $50,000 tax deduction for small business startup expenses, ahead of Trump debate
▼ + stars: | 2024-09-03 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Under the proposal, new small businesses could spread the deduction out over several years, or delay claiming the $50,000 tax deduction until the company turned a profit. The Internal Revenue Service has previously run into issues ensuring that its small business tax breaks end up in the right pockets, especially during the pandemic, when the agency flagged a spike in fraudulent claims. The Harris campaign did not respond to a request for clarification about which startups and small businesses would be eligible for the tax deduction. On Wednesday, Harris will also set a goal of collecting 25 million new small business applications in her first term if she is elected president. By focusing on small businesses, Harris' tax deduction proposal could help her thread the needle between rebutting Trump's attacks, and keeping up her political crusade against corporate greed.

Persons: Kamala Harris, Harris, Biden, Donald Trump, Trump, Joe Biden, Kamala, TRUMP Organizations: Democratic, U.S, Wednesday, Labor, Internal Revenue Service, Republican, ABC News, White Locations: Savannah , Georgia, U.S, New Hampshire

"Our polling consistently showed that by staying on the ballot in the battleground states, I would likely hand the election over to the Democrats," Kennedy said. This significantly reduces the potential electoral boost Trump could get in these states from Kennedy's exit. Wisconsin's Elections Commission has voted to keep Kennedy on the state's ballot. This leaves just Arizona and Pennsylvania as the states where Kennedy's exit appears poised to help Trump outright. "He has a lot of votes that he could have gotten," Trump said of Kennedy at the Arizona rally in August.

Persons: Robert F, Kennedy Jr, Donald Trump's, Donald Trump, Kennedy, Trump, Kamala Harris, Kennedy's, Harris Organizations: White, Trump, North, Arizona Locations: Glendale , Arizona, North Carolina , Wisconsin, Michigan, Kennedy's, North Carolina's, Wisconsin , North Carolina, Arizona, Pennsylvania, Nevada, Georgia, Michigan , North Carolina, Wisconsin, Florida , Texas, Ohio

☆ How Tim Walz made Minnesota a 'roadmap' for progressive economic policy
▼ + stars: | 2024-09-02 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +7 min

Governor Tim Walz delivers remarks at the Milwaukee Area Labor Council's Laborfest 2024 on September 2nd, 2024 at the Summerfest Grounds, in Milwaukee, Wisconsin. Tim Walz, Minnesota has expanded union protections, approved over $1 billion in housing resources, enacted universal paid family and medical leave, funded free school lunches, hiked corporate taxes and more. "It's a roadmap for sure," Amy Koch, a Republican strategist who formerly served as a Minnesota state senator, told CNBC. Already, several of the economic priorities of the Harris campaign mirror policies that were championed by Walz in Minnesota. Tim Walz listens to homeless constituents after being elected to his first term in 2018.

Persons: Tim Walz, Sara Stathas, Harris, Walz, I've, Bernie Burnham, Kamala Harris, Amy Koch, Kevin Lamarque, Joe Biden's, Gabby Giffords, Brian Snyder, Jeff Hayden, Hayden, Elianne Farhat, Mills, Bauer, Griffin, Doug Loon, Loon, Burnham, Charles Lutvak, Monica Nilsson Organizations: Milwaukee Area Labor, Washington Post, North Star State, Minnesota AFL, CNBC, Democratic Gov, Republican, Democratic, Minnesota, Reuters, Child Tax, Farmer, Labor, DFL, Senate, House, Minnesota Democrats, Fortune, Target, AaronP, Minnesota Chamber of Commerce, Minnesota Gov, Minnesota Housing Locations: Milwaukee , Wisconsin, Minnesota, Tim Walz , Minnesota, Minnesota . U.S, U.S, America, Minnesota's, Minneapolis , Minnesota, UnitedHealth

☆ Trump debate prep: Tulsi Gabbard advises Republican to attack Harris on 'hypocrisy'
▼ + stars: | 2024-09-01 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Former Democratic Rep. Tulsi Gabbard, who has endorsed Republican former President Donald Trump's campaign, is advising the GOP nominee to focus on Vice President Kamala Harris' policy pivots in their upcoming debate. Still, Gabbard is uniquely suited to help Trump understand what it would be like to debate Harris, given her firsthand experience during the 2020 Democratic primary contest. "What I pointed out in that debate stage in the 2020 campaign was her hypocrisy," Gabbard said. At the time, criminal justice reform was a very popular issue among Democratic primary voters. The Trump campaign recently added both Gabbard and RFK Jr. to its official transition team, and both are in reported talks for potential cabinet positions if Trump wins the White House.

Persons: Donald Trump, Tulsi Gabbard, Donald Trump's, Kamala Harris, Harris, Gabbard, Trump, Biden, Robert F, Kennedy Jr Organizations: Republican, Democratic, ABC, Trump, White, Democrat, RFK Jr Locations: La Crosse , Wisconsin, Hawaii

☆ Trump budget would spike deficits by nearly 5 times Harris proposal, says Penn Wharton
▼ + stars: | 2024-08-27 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

Former President Donald Trump's economic proposals would increase federal deficits by $5.8 trillion over the next decade, almost five times more than those of Vice President Kamala Harris, which would add $1.2 trillion, according to a new pair of studies from the nonpartisan Penn Wharton Budget Model. The Trump report found that his plan to permanently extend the 2017 tax cuts would add more than $4 trillion to deficits over the next 10 years. His proposal to eliminate taxes on Social Security benefits comes with a $1.2 trillion price tag, while his pledge to further reduce corporate taxes would add nearly $6 billion. And her proposal to create a $25,000 subsidy for all qualifying first-time homebuyers would add $140 billion over a decade. Along with corporate tax hikes, Harris has said she supports the $5 trillion worth of revenue raisers contained in President Joe Biden's budget proposal for the 2025 fiscal year.

Persons: Donald Trump's, Kamala Harris, Trump, Harris, Joe Biden's Organizations: Penn Wharton Budget, Social Security

☆ Biden hosts first Creator Economy Conference for influencers to talk AI, privacy and more
▼ + stars: | 2024-08-14 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

U.S. President Joe Biden speaks to participants of the White House Creator Economy Conference in the Indian Treaty Room in the Eisenhower Executive Office Building on August 14, 2024 in Washington, DC. President Joe Biden appeared at the Creator Economy Conference, the first event ever hosted by the White House's Office of Digital Strategy. "You are the future," Biden told the influencers in the White House's Indian Treaty Room, speaking without a teleprompter. "That's why I've invited you to the White House, because I'm looking for a job," he joked. Other top officials, including deputy Treasury Secretary Wally Adeyemo and White House domestic policy advisor Neera Tanden, are also attending the conference.

Persons: Joe Biden, Biden, I've, Wally Adeyemo, Neera Tanden Organizations: White House, Creator Economy Conference, White, Digital Locations: Washington ,

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