Harris vs Trump: How the presidential candidates compare on economic policy

Both Donald Trump and Kamala Harris want to claim the mantle as the greatestchampion of the working class.

At the center of their pitches to those voters is economic policies. This week, the Vice President rolled out her plan to lower costs for American families including tax credits for children, price control efforts, and housing assistance. Many of the proposals aren’t strictly new but instead expand on the efforts of President Joe Biden.

One of the main cudgels that Trump has used to bash the Biden administration has been the high rate of inflation. Trump says that he will bring down prices when he’s back in the White House — but it remains unclear how he would do that, as a president can’t bring down prices on their own. And while prices remain high, inflation has been cooling in recent weeks.

Here’s a look at Trump and Harris’s economic plans.

The Harris campaign announced on Friday that part of their economic focus will be on lowering grocery costs, noting that stores have seen their highest profits in two decades.

Part of that plan will be to advance a federal ban on price gouging on food and groceries, and put in place rules to stop big corporations from getting “excessive profits” by “unfairly” exploiting consumers.

The campaign added that they would also “secure new authority” for the Federal Trade Commission and state attorneys general.

Both Harris and Trump have pledged to eliminate federal taxes on tips. Trump was the first to mention the idea in June in Las Vegas, Nevada. He has since criticized Harris for copying him.

Nevada is a key swing state with many service and hospitality workers.

While Trump has suggested removing both federal income and payroll taxes on tips, under Harris’s plan, tips would