The American electorate is at a crossroads as the calendar turns to November 5th, 2024. The choice before them is between two septuagenarians – a fiery 78-year-old and a more subdued 81-year-old, both vying for the mantle of the leader of the free world. The decision, however, extends beyond the personalities of the candidates. It is also a referendum on the economic policies they espouse. With the national debt at a staggering $34 trillion, and these two candidates collectively responsible for a third of that, their tax policy takes center stage. This article aims to delve into their differing approaches to key economic issues.
Tax policies
A nation’s tax policy is a vital determinant of its economic health. It is through taxes that the government generates revenue, which is then used to fund public services and infrastructure. The two candidates have divergent approaches…