Protect your money if Kamala Harris becomes president with a four-point plan – she will take action from day one, experts warn

DONALD Trump’s historic 2017 tax cuts are set to expire in 2025, potentially leading to a huge tax increase for most Americans if the provisions are not renewed.

Trump used these expired provisions as a focal point in this election, promising to renew and further reduce taxes for all Americans.

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But with the sudden resurgence of Kamala Harris’ campaign, a second Trump term is in jeopardy, as the former president has attacked Harris for saying he wants to raise taxes on wealthy Americans and let most of the provisions expire.

However, Harris said that if she is elected, she will renew some of the expired provisions, promising not to raise taxes on any American earning less than $400,000 a year – noting that Trump’s cuts have unequivocally favored large, wealthy corporations, according to a Congressional report.

Trump’s 2017 cuts also reduced corporate tax rates from 35% to 21%, something Harris has promised to increase to about 28% if elected.

Harris also wants to bring back tax credits for parents and assistance for housing, child care and paid leave.

While both candidates agree that they will not raise taxes for the vast majority of Americans, a Trump or Harris presidential term would be very different from each other.

And investors are paying attention, laying out a game plan to capitalize on the direction of the economy and the country if Harris’ energetic campaign is successful.

“If Trump loses, we could see changes in tax policies, regulatory frameworks and interest rates,” said Venkata Jagadish, real estate investor and founder of Jay Buys Houses Group. GOBanking Fees.

“These changes could create new opportunities in the real estate market,” he said.

One of Trump’s campaign promises has been to expand domestic oil production, often using the mantra “Drill, baby. pierce.”

Trump also said he has plans to roll back President Joe Biden’s Reducing Inflation Act, which provided $20 billion to boost renewable energy projects.

So if Trump loses in November, experts say Americans can expect initiatives that continue to reduce America’s dependence on fossil fuels to move forward and invest accordingly.

This means that investing in renewable energy companies like First Solar could have a good advantage with a Democratic-led White House.

“If Trump loses, it is likely that a Democratic administration will prioritize green energy initiatives by providing substantial federal support and incentives for the renewable energy sector,” said Dennis Shirshikov, professor of finance and economics at the City University of New York. GOBanking Fees.

“Investing in companies specializing in solar, wind and other sustainable energy sources could generate considerable returns.”

Another area of ​​investment to look at if Trump loses would be infrastructure, as rebuilding our nation’s infrastructure has been a key talking point for Democrats.

“If Trump loses, we could see an increase in federal spending on infrastructure as part of economic stimulus efforts,” Shirshikov said.

“Infrastructure investments typically include improvements to roads, bridges, public transportation and renewable energy infrastructure,” continued Shirshikov.

“Companies involved in construction, engineering and materials could see an increase in demand.”

Another piece of advice from financial experts, if Harris is elected, is to not be in a rush to pay off your student debt.

Democrats, although they have received resistance and faced obstacles, are on a mission to eliminate parts of the student debt owed by Americans.

“If Trump loses the election, I will delay refinancing my student loans,” said Brian Kuderna, founder of Kuderna Financial Group and author of “What should I do with my money?“

“The Biden-Harris administration has been promising student loan relief and forgiveness since day one, so if Harris is elected, she would likely push through some reform — but that would only affect federal student loans, not private ones,” he said.

Kamala Harris’ potential running mates

Kamala Harris accepted Joe Biden’s endorsement for the Democratic presidential nomination after the president ended his re-election bid on July 21.

Harris said he plans to win and win the Democratic nomination while uniting the party.

Who are Kamala Harris’ potential running mates?

• Pete Buttigieg: U.S. Secretary of Transportation Buttigieg ran for president during the 2020 Democratic presidential primaries, competing against Kamala Harris and Joe Biden.
• He was widely considered a breakout star, becoming the first openly gay candidate to win a presidential primary or caucus when he narrowly won the Iowa caucus during the 2020 primaries.
• Buttigieg was one of the first Democrats to formally endorse Kamala Harris after President Biden.
• In his statement, Buttigieg said Harris was “the right person to take up the torch, defeat Donald Trump and succeed Joe Biden as president.”
• Andy Beshear: Governor Beshear has carved out a successful career in the heavily Republican state of Kentucky.
• The 46-year-old two-term governor fully supported Harris for president and said he would consider being her running mate.
• Roy Cooper: Democrats praised North Caroline Governor Cooper for his history of defeating Republicans in the swing state he voted for donald trump as president in 2016 and 2020.
• Cooper fully supported Harris as the next president.
• The governor has previously stated that he and Harris, who served as their states’ attorneys general, have a very good relationship.
• Gretchen Whitmer: Michigan Governor Whitmer is seen as a rising star in the Democratic Party.
• In 2020, the two-term governor caught the eye of Joe Biden as a possible running mate before ultimately choosing Harris.
• Whitmer joined the growing list of Democrats who have supported Harris for president.
• A Harris-Whitmer campaign would be the first female candidate for a U.S. political party.
• Gavin Newsom: Prominent California Governor Newsom’s name has long been associated with a potential presidential candidate in the upcoming election.
• Newsom has already endorsed Harris for president, saying, “No one is better at prosecuting the case against Donald Trump’s dark vision.”
• But there could be a problem if Harris and Newsom are in the same position.
• Both Newsom and Harris come from Californiaand according to the 12th Amendment to the Constitution, both members of a presidential ticket “shall not be inhabitants of the same state.”
• If Harris chose Newsom as her running mate, they would lose all 54 of California’s Electoral College votes.