Raise taxes on the rich or cut them? Harris, Trump differ on how to boost the US economy

After a summer of historic tumult, the path to the presidency for both Kamala Harris and Donald Trump this fall is becoming much clearer.
This combination of photos shows Vice President Kamala Harris, left, on Aug. 7, 2024, and Republican presidential candidate former President Donald Trump on July 31, 2024. (AP Photo/Charles Rex Arbogast)

Donald Trump is betting that Americans crave trillions of dollars in tax cuts — and that growth will be so fantastic that it’s not worth worrying about budget deficits.

In short, he’s hoping that most economic analyses of his ideas are dead wrong.

Vice President Kamala Harris believes that big corporations and the ultra-wealthy should pay more in taxes — and wants to use those revenues to help spur the construction of 3 million homes and offer tax breaks for parents.