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While these things can help middle-class citizens, it can also end up costing them more in taxes.
There could also be long-term implications oftoo much federal spending, like inflation.
Government-funded healthcare could also potentially mean fewer choices for healthcare services for Americans.
Tax Reform
Harris proposed tax reform includes increasing taxes on high-income earners and corporations.
Other changes could include increasing tax rates or removingsome tax deductions.
Loss of Oil Jobs
Harris has proposed a $10 trillion climate change plan.
She wants to institute a climate pollution fee and end federal subsidies for fossil fuels.
She has also called for a ban on fracking.
All of this points to the fact that under a Harris presidency, there would befewer oil jobs.
Kamala Harris administration would likely push for aggressive climate policies aimed at reducinggreenhouse gas emissions, Hones added.
Middle-class households might face higher utility bills and gas prices during this period.
Business Regulations
Harris is generally in favor of tighter regulations on businesses.
These regulations are designed to protect consumers and workers.
However, these regulations may lead to higher operational costs for businesses.
This could affect middle-class workers, who may have reduced job opportunities due to stricter regulations.
Putting these policies into place also depends on who controls the Senate.
Regardless, voting for a presidential candidate that aligns with your personal beliefs, interests and priorities is important.
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