Presidential Debate Economy and Opportunity Plans
Vice President Kamala Harris and former President Donald Trump debate economic policies at the National Constitution Center in Philadelphia. Harris outlines her "opportunity economy" plan, including a $6,000 child tax credit and housing support, while Trump defends his use of tariffs on foreign imports. Trump argues that his policies will bring back jobs and claims the Biden-Harris administration caused the worst inflation in United States history.
kamala harris· donald trump· opportunity economy· child tax credit· tariffs· inflation· goldman sachs· wharton school
00:05 Let's go ahead and go to the feed. I'm going to get Owen Schroer here in with me, we'll have minimal comments during this and then we'll be back with the full transmission now it's up to you Paul Reveres to take the live feed at Real Alex Jones on XShare all over x but also on your text message or email that's the power! You've got all the power not like you're the tail you're the dog and the tail when you decide to take action they're on stage let's go to them Good evening. We are looking forward to a spirited and thoughtful debate, so let's get started I want to begin tonight with the issue that voters repeatedly say is their number one issue And that is the economy and the cost of living in this country Vice President Harris you and president Trump were elected four years ago and your opponent on the stage here tonight Often asks his supporters Are you better off than you were four years ago when it comes to the economy? Do you believe Americans are better off that they were four years ago
00:53 So, I was raised as a middle class kid. And I am actually the only person on this stage who has a plan that is about lifting up the middle-class and working people of America I believe in the ambition, the aspirations and dreams of the American people. And that is why I imagine and have actually a plan to build what I call an opportunity economy because here's the thing we know that we have a shortage of homes and housing and the cost of housing is too expensive for far too many people We know that young families need support to raise their children and I intend on extending a tax cut for those families of $6,000 which is the largest child tax credit that we have given in a long time so that those young families can afford to buy a crib by a car seat buy clothes for their children.
01:45 My passion, one of them is small businesses. I was actually... my mother raised my sister and me but there was a woman who helped raise us we called her our second mother she's mixing it's called speedballing She looks white as a ghost looks totally freaked out very wooden Trump looks like a Tyrannosaurus Rex just waiting to pounce Let's go back to her which is to provide a tax cut for billionaires and big corporations, which will result in $5 trillion to America's deficit. My opponent has a plan that I call the Trump sales tax, which would be a 20% tax on everyday goods that you rely on to get through the month
02:32 Economists have said that Trump's sales tax would actually result for middle class families in about $4,000 more a year because of his policies and his ideas about what should be the backs of middle-class people paying for tax cuts for billionaires. President Trump, I'll give you two minutes. First of all, I have no sales tax that's an incorrect statement she knows that we're doing tariffs on other countries other countries are going to finally after 75 years pay us back for all that we've done for the world and And the tariff will be substantial in some cases. I took in billions and billions of dollars, as you know from China. In fact they never took the tariff off because it was so much money they can't. It would totally destroy everything that they've set out to do. They're taking in billions of dollars from China and other places they've left the tariffs on when I had it. I had tariffs and yet I had no inflation look we
03:29 We've had a terrible economy because inflation has, which is really known as the country buster. It breaks up countries we have inflation like very few people have ever seen before probably the worst in our nation's history. We were at 21% but that's being generous because many things are 50 60 70 and 80 percent higher than they were just a few years ago this has been a disaster for people for the middle class but for every class on top of that Millions of people pouring into our country from prisons and jails, from mental institutions and insane asylums. And they're coming in and they're taking jobs that are occupied right now by African Americans and Hispanics, and also unions. Unions are gonna be affected very soon. And you see what's happening? You see what's happening with towns throughout the United States? You look at Springfield Ohio, you look at Aurora in Colorado
04:23 They are taking over the towns, they're taking over buildings. They're going in violently. These are the people that she and Biden let into our country and they're destroying our country. They're dangerous there at the highest level of criminality And we have to get them out. We have to get them out fast I created one of the greatest economies in the history of our country i'll do it again and even better We are going to get to immigration and border security during this debate, but uh, I would like to let vice president harris respond on the economy here Well, I would love to. Let's talk about what Donald Trump left us. Donald Trump left us the worst unemployment since the Great Depression. Donald Trump left us the worst public health epidemic in a century. Donald Trump left us the worst attack on our democracy since the Civil War
05:18 And what we have done is clean up Donald Trump's mess. What we have done and what I intend to do is build on what we know are the aspirations and the hopes of the American people, but I'm going to tell you all in this debate tonight You're gonna hear from the same old tired playbook a bunch of lies grievances and name-calling What you're gonna hear tonight is a detailed and dangerous plan called Project 2025 that the former president intends on implementing if he were elected again. I believe very strongly that the American people want a president who understands the importance of bringing us together, knowing we have so much more in common than what separates us and I pledge to you to be a president for all Americans. President Trump will give you a minute here to respond
06:06 Number one, I have nothing to do as you know and she knows better than anyone. I have nothing to do with Project 2025 that's out there. I haven't read it. I don't want to read it purposely. I'm not going to read it This was a group of people that got together they came up with some ideas. I guess some good some bad But it makes no difference. I have nothing to do, everybody knows i'm an open book everybody knows what i'm going to cut taxes very substantially and create a great economy like I did before we had the greatest economy We got hit with a pandemic And the pandemic was not since 1917 where 100 million people died has there been anything like it? We did a phenomenal job with the pandemic
06:44 We handed them over a country where the economy and with the stock market was higher than it was before the pandemic came in. Nobody's ever seen anything like it, we made ventilators for the entire world, we got gowns, we got masks, we did things that nobody thought possible and people give me credit for rebuilding the military they give me credit for a lot of things but not enough credit for the great job we did with the pandemic but the only jobs they got were bounce back jobs these were jobs bounced back and it went to their benefit, but I was the one that created them. They know it and so does everybody else. And when you look at his economic plan, it's all about tax breaks for the richest people. I am offering what I describe as an opportunity economy and the best economists in our country if not the world have reviewed our relative plans for the future of America What Goldman Sachs has said is that Donald Trump's plan would make the economy worse Mine would strengthen the economy What The Wharton School has said is Donald Trump's plan
07:54 would actually explode the deficit. 16 Nobel laureates have described his economic plan as something that would increase inflation and by the middle of next year, would invite a recession You just have to look at where we are and where we stand on issues And I'd invite you to know that Donald Trump actually has no plan for you because he is more interested in defending himself than he isn't looking out for you It's just a sound bite. They gave her that to say, look I went to the Wharton School of Finance and many of those professors the top professors think my plan is a brilliant plan it's a great plan it's a plan that's going to bring up our worth our value as a country it's going to make people want to be able to go and work Trump bring up price controls bring up 75 percent capital gains tax
