Democratic presidential nominee Kamala Harris is surging in opinion polls, but experts warn that passing economic legislation if she becomes president will be challenging. With several key economic laws expiring in 2025 and elections for all of the House of Representatives and one-third of the Senate in November, Harris’s ability to enact her economic agenda will depend on the outcome of these races. It is predicted that the Senate may remain Republican, making it difficult for Harris to pass legislation.
Her economic policy priorities include extending tax cuts for individuals, especially for lower-income families, and reinstating the nation’s debt limit. Harris’s economic views and policies are not well-known, but experts believe she will need to pivot to the center to appeal to moderate voters in swing states. Concerns about inflation and a potential expansion of war in the Middle East could also impact her economic agenda.
Despite criticism from the Trump campaign about past policy stances such as Medicare for All, economists are not worried and believe Harris will adjust her positions to appeal to a broader audience. Harris has the advantage of not having a significant economic record, allowing her room to maneuver and address issues like rising prices and corporate greed. She is set to announce new housing initiatives and tax incentives for builders to help address the housing crisis.
Trade policy, specifically regarding tariffs, is another key economic issue facing Harris. While Trump’s proposals have been criticized, Biden has kept some tariffs in place and added others. The potential impact on businesses and consumers must be carefully considered in any trade decisions. Despite challenges ahead, Harris is positioning herself as a candidate focused on continuity and addressing key economic issues facing the country.
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