Nobel Prize-winning economist slams Trump agenda, backs Harris | Real Time Headlines

twenty three Nobel Prize– Award-winning economist recognizes Vice President Kamala Harris more than former president Donald Trump in a joint letter released Wednesday.

Nearly two dozen economists say Trump’s economic agenda includes hardliners tariff proposals and a series of radical tax cutswill “lead to higher prices, larger deficits and greater inequality.”

“Simply put, Harris’ policies will lead to stronger economic performance, making economic growth stronger, more sustainable, and more equitable,” reads the letter, which was first reported by CNN (CNN).

Joseph StiglitzWinner of the Nobel Prize in 2001 for his research on market economics, he led joint research Endorsement among his award recipients.

Stiglitz led a similar campaign in support of President Joe Biden in June, publishing a letter signed by 16 Nobel laureates. Just two days before the fateful presidential debate, which finally cheating The president’s re-election campaign.

Joining Stiglitz in signing the letter were economists Daron Acemoglu, George Akerlof, Abhijit Banerjee, Sir Angus Deaton, Peter Diamond, Douglas Diamond, Esther Duflo, Robert Engel III, Claudia Golding, Sir Oliver Hart, Guido Ibens, Simon Johnson, Al Rick Maskin, Daniel McFadden, Robert Merton, Roger Melson, William Nordhaus, Edmund Phelps, Paul Roemer, Alvin Ross, Robert Shearer and Lee Chad Taylor.

Trump has proposed sweeping tariffs on all imported products, with particularly high tariffs on Chinese imports. Wall Street analysts and economists say the situation could heat up again inflation.

The Republican presidential candidate has also proposed eliminating income taxes on tips, Social Security benefits and overtime pay.

Overall, experts estimate Trump’s budget plan would make the federal deficit five times larger than Harris’ proposal, independents said University of Pennsylvania Wharton School of Business Budget model.

Harris lays out her economic proposals in 82-page policy blueprint The document outlines her plan to expand child care tax credits, provide federal support for affordable housing development, expand tax breaks for small business owners and raise taxes on corporations and the wealthy.