Charted: Public Perceptions of Harris and Trump Economic Policies

Dorothy Neufeld
2024-10-09 14:44:00
www.visualcapitalist.com

Public Perceptions of Harris and Trump Policies

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With the U.S. presidential election just one month away, the economic policies of Harris and Trump will play an important role in securing the White House.

Today, the state of the economy is the most important issue for American voters. A rising cost of living remains a central concern, even as the American economy has been resilient. While Harris is advocating for tax credits to help first-time homebuyers, Trump is focused on lowering corporate tax rates and increasing tariffs to protect American jobs.

This graphic highlights how Americans perceive Harris’ and Trump’s positions on economic policy, based on surveys from YouGov.

America’s View on Each Candidate’s Economic Policy

Below, we show the public perception of Harris’ and Trump’s economic policies, based on an online survey of 2,267 U.S. adult citizens from September 9-12, 2024:

Today, 68% of Americans believe that Kamala Harris will raise taxes on corporations, aligning with her proposed policies of raising the corporate tax rate to 28%, up from 21%.

This effectively reverses Trump’s 2017 tax cuts, which dropped corporate tax rates from 35% to 21%. Under Harris’ proposals, the federal government is estimated to raise $1 trillion over the next decade, but Wall Street argues it could eat into corporate profits.

In contrast, 56% of Americans expect Trump to further reduce corporate taxes, consistent with his plan to lower the rate to 15%.

On the federal minimum wage, most Americans believe Harris will push for an increase, in line with her policy proposals. Both candidates also support eliminating taxes on tipped wages.

Meanwhile, 49% of Americans believe that Harris will increase regulation, with Harris proposing caps on food price increases at grocery stores, and restrict bulk home purchases by corporations. On the other hand, more than half of Americans think that Trump will deregulate industries, matching recent plans to cut 10 regulations for every new one added if elected to a second term.

Learn More on the Voronoi App

To learn more about this topic from the perspective of election contributions, check out this graphic on the top companies by PAC donations in 2024.

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