Jill Biden was invited as a guest to the Cabinet meeting to address women's health issues. Many people have been invited to Cabinet meetings in the past under both Republican and Democratic administrations. Somehow MAGA GOP is trying to proclaim this means she is running the country because Joe Biden is not available to do so -- which I will point out is false.
So much for the Kamala Krash pushed by Trump. Stock Market News: Dow, S&P 500 Hit New Records https://www.barrons.com/livecoverage/stock-market-today-091924
Most corporate executives want competent leadership in the White House, not a deranged idiot named Trump.
Trump's plans would 'damage' American economy for more than a decade: study https://www.rawstory.com/trump-tariffs-deportations/ A new study from the Peterson Institute for International Economics projected that former President Donald Trump's second-term policy proposals of mass deportations and massive tariffs on all foreign goods would do significant damage to the American economy. As CNN reports, the study projected that Trump's plans "would cause weaker economic growth, higher inflation and lower employment," and that in some cases "the damage could continue through 2040." Among other things, the paper found that even in a best-case scenario Trump's policies would send inflation shooting back upward to 6 percent by 2026, and by 2028 consumer prices would be 20 percent higher than what they are today. In a worst-case scenario in which Trump's tariffs spark an international trade war, the paper finds that "employment would be 9 percent lower than baseline by 2028 and inflation would surge to 9.3 percent by 2026." What's more, gross domestic product, the broadest measure of economic health, would be nearly 10 percent lower as a result. The most damaging aspect of Trump's proposals, said researcher Warwick McKibbin, would be the mass deportations Trump has pledged to carry out of undocumented immigrants, which he said would cause a supply shock to food prices. “Can you imagine taking 16 percent out of the labor force in agriculture?” McKibbin asked rhetorically. “And unless you let them back in, you will have a permanent loss of supply.” What's more, the researchers said that Trump's plan to make America rich by taxing foreigners "does more damage to the US economy than to any other in the world."
Trump's tax, spending plans would add twice as much debt as Harris', budget group says https://finance.yahoo.com/news/trumps-tax-spending-plans-add-162637801.html?guccounter=1 WASHINGTON (Reuters) - Republican presidential candidate Donald Trump's tax and spending plans would produce more than twice as much new debt as the plans from Vice President Kamala Harris, a budget-focused think-tank estimated on Monday. The Committee for a Responsible Federal Budget, which advocates reducing federal deficits, released new detailed estimates showing Harris' tax and spending plans would add $3.5 trillion to deficits over 10 years, while Trump's would add $7.5 trillion. That's the CRFB "central estimate" in a range of potential outcomes from ideas voiced by both candidates on the campaign trail. It also included high and low estimates, including for Harris zero added debt on the low end and $8.1 trillion additional debt on the high end. Trump's low-end estimate would add $1.45 trillion in debt, while his high-end estimate would add $15.15 trillion. TAX, SPENDING PROMISES Trump has promised a range of tax breaks including extending all of the 2017 individual tax cuts due to expire next year and eliminating taxation of income from tips, Social Security and overtime pay. His only major revenue-raising provision would be to increase tariffs, which would raise $2.7 trillion according to the central estimate. Harris has pledged to increase the Child Tax Credit and add a bonus $6,000 credit for newborns, boost spending on child and elder care, and offer a $25,000 tax credit for first-time homebuyers, but increase taxes on corporations and households earning $400,000 or more. These increases would raise $4.25 trillion in the CRFB central estimate. The more detailed CRFB findings are consistent with a Reuters roundup of previous budget estimates, including a less-comprehensive analysis from CRFB, showing that Trump's plans would pile up significantly more debt than the Harris plans. The estimates drew criticism from both campaigns. A Harris spokesperson disagreed with the CRFB estimates that her proposals would add to deficits, saying that as president, Harris would reduce them, citing her pledges to pay for policy plans. Trump senior adviser Brian Hughes dismissed the CRFB estimates, saying that the group opposed the 2017 tax cuts and supported the Biden administration's Inflation Reduction Act, passed with Harris' tie-breaking vote in the U.S. Senate. "President Trump's plan will rein in wasteful spending, defeat inflation, reduce the burden of interest costs, and ignite economic growth that fuels federal revenue, so we can make our economy great again," Hughes said in a statement. The CRFB estimates measure the amount of additional spending and revenues from the candidates' proposals compared to the current-law baseline as measured by the Congressional Budget Office. That baseline, which assumes that the 2017 tax cuts expire at the end of 2025 and individual rates snap back to their prior, higher rates, already calls for a 10-year deficit increase of $22 trillion, including nearly $2 trillion for the 2024 fiscal year that ended on Sept. 30.