Where do Trump and Haley stand on the economy?

Michigan voters head to the polls for the 2024 Republican primary. With the economy a central issue for many voters, understanding the contrasting approaches of these two contenders is critical to making informed decisions.

Former President Donald Trump, known for his business background and the $1.5 trillion tax overhaul passed during his presidency, continues to tout his record on economic matters. Trump's economic policies have centered on tax cuts and deregulation aimed at promoting economic growth and job creation.

His administration's signature achievement, the Tax Cuts and Jobs Act of 2017, provided significant tax relief to corporations and individuals, but has faced criticism over its impact on the national debt, which has continued to rise during his tenure. Additionally, Trump's skepticism of free trade agreements has led to trade tensions, particularly with China, culminating in a trade war.

On the other hand, former US Ambassador to the United Nations Nikki Haley has presented herself as a staunch advocate of traditional Republican economic policies. With a background in accounting, Haley consistently called for tax cuts, reduced government regulation, and a balanced budget. Emphasis on policies aimed at supporting „working families”.

Haley's platform includes proposals to lower tax rates for individuals and small businesses and eliminate federal gas and diesel taxes. He has criticized Trump's economic policies, particularly his handling of the national debt.

Trump's focus on tax cuts and deregulation resonates with his supporters, while Haley's commitment to fiscal responsibility and reducing government intervention appeals to traditional conservative ideals.

Jeremy Euro is a political reporting fellow in Hawaii for the USA Today Network. You can reach him at [email protected] or X @JeremyYurow

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