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Those two issues present a mixed bag for Vice PresidentKamala Harris, the Democratic nominee.
Inflation has fallen sharply from its 2022 peak under the Biden-Harris administration, thoughjob growthremains a concern.
Many economists are cautiously optimistic about the direction of the economy.
If nothing else, there is optimism that the worst-case scenarios are off the table at least for now.
And theeconomic proposalsHarris recently unveiled have calmed the nerves of some economists who were uncertain about where she stood.
This major turning point in the Feds data point is pivotal for the markets.
For most consumers, those anchors are still in the pre-pandemic period.
These measures may reduce the financial burden on some Americans.
This proposal simply increases the allowable deduction by ten times.
He called the goal achievable and cited data from theU.S.
Census Bureaushowing that there were 5.5 million new business applications submitted in the U.S. last year.
Harris also backsexpanding the child tax credit to $6,000for families with newborn children.
These tax credits dramatically reduced childhood poverty during the COVID pandemic.
Her proposals start with amiddle-class tax cutthat will put more money in the hands of strapped families.
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