Democratic presidential nominee Kamala Harris has surged ahead in opinion polls, leading in five crucial swing states over her Republican opponent Donald Trump. However, experts warn that passing economic legislation will be a challenging task if she becomes the next president of the United States. Several key economic laws are set to expire in 2025, including tax cuts under the Tax Cuts and Jobs Act and the suspension of the nation’s debt limit.
Harris’s ability to push through legislation will depend on the outcome of the upcoming congressional elections in November. If Democrats do not secure both houses of Congress, particularly the Senate, passing legislation may be difficult. There will be significant negotiations on issues such as the expiry of tax provisions and the government’s debt limit.
Economists believe that Harris will need to pivot to the center to appeal to moderate voters in swing states. Her economic policies are largely unknown, but experts believe she will need to focus on addressing inflation and housing affordability issues. Additionally, Harris may need to navigate trade policies, with concerns raised about Trump’s proposed tariffs and the potential impact on businesses and consumers.
Overall, Harris faces challenges in passing economic legislation and addressing key issues like inflation and housing affordability. Her ability to find solutions to these problems and pivot to the center will be crucial in winning over voters and implementing her economic agenda if elected as president.
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