What a debate we have Tues!!
Will Kamala Harris or Donald Trump Be Better for the Economy? Here's What 1 Top Wall Street Analyst Says...
The clear winner, according to Goldman Sachs
There's a clear winner between the two based on how their policies would affect the U.S. economy, in Goldman Sachs' view. It's Kamala Harris.
The Wall Street firm projects that under a Harris administration with Democratic control of Congress, jobs would grow by around 10,000 per month higher than if Trump wins with a divided Congress. A Harris win would create 30,000 more jobs per month compared to a sweep where Trump becomes president and the GOP controls both the Senate and the House of Representatives.
Goldman Sachs analysts also predicted that Trump's economic plans would reduce gross domestic product (GDP)by around 0.5% in the second half of 2025. However, they think this negative impact to GDP would diminish beginning in 2026.
Goldman Sachs likes Harris' proposed spending initiatives and tax credits for the middle class. The firm projects these plans would "slightly more than offset investment due to higher corporate tax rates." The result, in Goldman Sachs' view, is that a Harris administration with a Democratic Congress would boost GDP growth a little in 2025 and 2026.
The Wall Street firm has a negative take on Trump's economic proposals, however. Goldman Sachs analysts wrote to investors earlier this week, "We estimate that if Trump wins in a sweep or with [divided] government, the hit to growth from tariffs and tighter immigration policy would outweigh the positive fiscal impulse."
Will Kamala Harris or Donald Trump Be Better for the Economy? Here's What 1 Top Wall Street Analyst Says...
The clear winner, according to Goldman Sachs
There's a clear winner between the two based on how their policies would affect the U.S. economy, in Goldman Sachs' view. It's Kamala Harris.
The Wall Street firm projects that under a Harris administration with Democratic control of Congress, jobs would grow by around 10,000 per month higher than if Trump wins with a divided Congress. A Harris win would create 30,000 more jobs per month compared to a sweep where Trump becomes president and the GOP controls both the Senate and the House of Representatives.
Goldman Sachs analysts also predicted that Trump's economic plans would reduce gross domestic product (GDP)by around 0.5% in the second half of 2025. However, they think this negative impact to GDP would diminish beginning in 2026.
Goldman Sachs likes Harris' proposed spending initiatives and tax credits for the middle class. The firm projects these plans would "slightly more than offset investment due to higher corporate tax rates." The result, in Goldman Sachs' view, is that a Harris administration with a Democratic Congress would boost GDP growth a little in 2025 and 2026.
The Wall Street firm has a negative take on Trump's economic proposals, however. Goldman Sachs analysts wrote to investors earlier this week, "We estimate that if Trump wins in a sweep or with [divided] government, the hit to growth from tariffs and tighter immigration policy would outweigh the positive fiscal impulse."
- $20///
