Steve Forbes, a prominent American executive and publisher, has criticized Kamala Harris's policies, claiming they would adversely affect the middle class.
According to Forbes, Harris’s approach, including significant increases in government spending, could lead to financial strain on the middle class. He highlighted that initiatives such as Medicare for All and the Green New Deal could potentially add up to around $10 trillion in costs annually.
In a recent interview with Fox Business, Forbes expressed concerns about Harris’s policy proposals, including her plans to ban fracking, which he argues could lead to higher energy prices and economic downturns.
Forbes also warned that Harris’s proposed tax hikes and expanded government spending could exacerbate issues within the healthcare system, leading to longer wait times and reduced access to care.
Despite these criticisms, Kamala Harris remains steadfast in her commitment to strengthening the middle class. She has emphasized that her policies are designed to bolster this demographic, asserting that a strong middle class is essential for a robust America.
Additionally, some commentators have pointed to President Biden’s policies as detrimental to the middle class, while crypto advocates argue that pro-crypto policies could enhance financial inclusion, offering a counterpoint to the administration’s stance on digital currencies.
Consumer spending in the U.S. showed weaker-than-expected growth in February, increasing only 0.1%, which was on the lower end of economists’ forecasts.
In February, the U.S. maintained its annual inflation rate at 2.5%, as reflected in the Personal Consumption Expenditures (PCE) Price Index, according to data released by the Bureau of Economic Analysis.
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A key economic indicator is flashing warning signs as uncertainty looms over financial markets.