MSNBC’s Morning Joe reveals that 23 Nobel Prize-winning economists support Vice President Kamala Harris’s economic agenda, deeming it far superior to former President Trump’s plans. Analysts highlight strong backing for Harris’s initiatives, contrasting them with Trump’s lack of support and potential economic risks. Harris’s approach is seen as beneficial for lower-income families, whereas Trump’s policies may lead to significant economic downturns.
In a recent discussion on MSNBC’s Morning Joe, co-host Mika Brzezinski highlighted the endorsement of Vice President Kamala Harris by a group of Nobel Prize-winning economists. These economists describe her economic agenda as vastly superior to former President Donald Trump’s proposals. They argue that Harris’s vision supports the overall health of the economy, while Trump’s policies threaten to escalate tariffs, a matter he seems to be fixated on. Steve Rattner, an economic analyst on the show, emphasized the strong backing Harris has received, citing a recent survey in which a significant number of economists supported her tax credit for newborns, raising corporate taxes, and capping insulin costs. In stark contrast, Trump’s tax plan barely garnered any support, with only 8% backing for making previous tax cuts permanent, zero for his proposed tariffs, and just 5% for eliminating taxes on Social Security benefits. Rattner further elucidated why economists perceive Trump’s plan negatively. According to a study from Bloomberg Economics, Harris’s strategies would minimally impact GDP and inflation—both seen positively—while Trump’s approach could lead to an 8.9% cut in GDP, comparable to the economic downturn during the Financial Crisis, potentially pushing the economy towards recession or depression. The discussion also addressed the impact of mass deportations in Trump’s policies, which would significantly disrupt the labor market and contribute to economic decline. Rattner underscored the critical differences in tax proposals between Harris and Trump, noting that Harris’s plan would increase after-tax income for lower-income families, unlike Trump’s, which favors the wealthy and actually increases taxes for the lowest income bracket. As voters begin to comprehend the implications of these contrasting policies, there seems to be a growing preference for Harris’s economic vision over Trump’s bankrupt ideas, highlighting the fundamental shift in public perception regarding their respective plans.
The article discusses a segment from MSNBC’s Morning Joe, where economists weigh in on the economic plans of Vice President Kamala Harris and former President Donald Trump. It highlights a letter of endorsement from 23 Nobel laureates supporting Harris, contrasting it with scant support for Trump’s policies. The segment features detailed insights from Steve Rattner on the significant differences between the two candidates’ economic agendas and the potential outcomes of their proposals.
In essence, the overwhelming support from economists for Kamala Harris’s economic policies positions her agenda as beneficial for lower-income households, while Trump’s proposals appear harmful, particularly regarding tariffs and tax structure. As public awareness of these implications increases, Harris’s vision is gaining favor, signaling a shift in electoral sentiment.
Original Source: www.mediamatters.org
