Wharton Business School Shoots Down Harris' Claim She'll Strengthen Economy

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 52%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

'We did not find a positive impact on the economy from her plan in any future year,' a Penn Wharton Budget Model spokesperson told Newsweek.

A top business school has shot down claims made by Vice President Kamala Harris that her economic proposals would strengthen the U.S. economy.During a 'Unite for America' livestream event in the battleground state of Michigan with Oprah Winfrey on Thursday, Harris sought to persuade the audience that she had an economic policy that would deliver for businesses and for the American people, saying 'and that is why Goldman Sachs . . .

Harris' reference to the business school concerned a PWBM report that found that Harris's tax and spending proposals would increase primary deficits, which limit a government's ability to manage the economy, but less than the proposals from Trump.The model suggested that under Trump, GDP 'eventually falls relative to current law, falling by 0.4 percent in 2034 and by 2.1 percent in 30 years'. Under Harris, the report found, 'GDP falls by 1.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 468. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines