Harris and Trump clash over tax plans in presidential debate

During the ABC News presidential debate on September 10th in Philadelphia, Kamala Harris and Donald Trump briefly touched on tax policy. Harris proposed a $6,000 tax credit for families with newborns and increasing the tax deduction for start-ups from $5,000 to $50,000. She also suggested incentives for first-time home buyers, including credits up to $10,000 and down payment assistance of $25,000. In contrast, Mr. Trump vowed only to “cut taxes very substantially,” and denied involvement in Project 2025, which advocates for a lower corporate tax rate and the repeal of certain tax provisions. The debate intensified when Harris labeled Trump’s proposed tariffs of up to 20% on imports as the “Trump sales tax,” claiming it could cost American households nearly $4,000 annually. Trump refuted this, stating, “I have no sales tax. That’s an incorrect statement.”