Republican Fighter
  • Home
  • News
  • About Us
  • Privacy Policy
    • Privacy Policy
    • Disclaimer
    • DMCA Policy
    • Terms and Conditions
No Result
View All Result
  • Home
  • News
  • About Us
  • Privacy Policy
    • Privacy Policy
    • Disclaimer
    • DMCA Policy
    • Terms and Conditions
No Result
View All Result
Republican Fighter
No Result
View All Result

Wharton Debunks Harris’ Latest Economic Claim

September 20, 2024
Reading Time: 2 mins read
A A

For the second consecutive week, Democratic presidential nominee Kamala Harris has been criticized for overstating third-party support for her economic plan. On Friday, the Wharton School of Business at the University of Pennsylvania told Newsweek that its analysis of Harris’ proposal “did not find a positive impact on the economy from her plan in any future year,” contradicting Harris’ claims from the previous night.

During a “Unite for America” livestream event in Michigan on Thursday, Harris asserted, “That is why Goldman Sachs, Moody’s, the Wharton School of Business, and 16 Nobel laureates have collectively determined, after analyzing our plans, that mine would strengthen the economy, while his would weaken it,” referring to Republican nominee Donald Trump.

Wharton disputed this statement. “We did not find a positive impact on the economy from her plan in any future year. The Trump plan does increase GDP for a few years but lowers it by the end of the 10-year budget window,” a spokesperson for the Penn Wharton Budget Model (PWBM) told Newsweek.

Additionally, Harris reiterated her claim from last week’s debate that Goldman Sachs supported her economic plan, despite the CEO of the investment bank disputing that assertion the next day. “The report mentioned last night in the debate came from an independent analyst, and it’s interesting … I think a lot more has been made of this than should be,” CEO David Solomon said, noting the difference between the two plans “is about two-tenths of 1%.”

Regarding the Wharton analysis, Harris cited a PWBM report that estimated her tax and spending proposals would increase primary deficits by $1.2 trillion over the next 10 years and reduce GDP by 1.3% by 2034 and 4% within 30 years (year 2054).

In contrast, PWBM stated that under Trump’s plan, “GDP increases during part of the first decade (2025-2034)” before declining by “0.4% in 2034.”

Trump graduated from Wharton in May 1968. PWBM describes itself as “a nonpartisan, research-based initiative that provides accurate, accessible, and transparent economic analysis of public policy’s fiscal impact.”

Related Posts

Grassroots Groups Push for RFK Jr. to Be Confirmed as HHS Secretary
News

HHS Rehires Hundreds After Workforce Cuts

June 11, 2025
Five Prominent Trump Backers Who Have Shifted Their Support to DeSantis
News

You’re Fired: Trump Dismisses Entire Committee of Allegedly Anti-American Historians

June 8, 2025
Exclusive: Senator J.D. Vance Calls for China to Settle Debts with Americans and Cease Currency Manipulation
News

VP Vance: ‘Proud to Stand Beside’ Trump

June 6, 2025
Trump Urges Supreme Court Intervention Before Sentencing
News

Trump Moves to Block Foreign Harvard Students Over Security Threats; Obama-Appointed Judge Intervenes

June 6, 2025
News

House Budget Chairman Defends Trump Tax Bill Against Elon Musk Criticism

June 6, 2025
Guest on Joe Rogan’s Show Arrested for Murder Following Discovery of Severed Head in Freezer
News

Joe Rogan Confirms Church Attendance and Months of Sobriety

June 6, 2025
Next Post
Criticism Directed at Biden Administration’s Restrictions on Transgender Treatment for Minors

Biden Convenes First Cabinet Meeting in Nearly a Year

Biden-Harris Campaign Didn't Notify Law Enforcement After Obtaining Hacked Trump Campaign Data

Recent Posts

  • HHS Rehires Hundreds After Workforce Cuts
  • You’re Fired: Trump Dismisses Entire Committee of Allegedly Anti-American Historians
  • VP Vance: ‘Proud to Stand Beside’ Trump
  • Trump Moves to Block Foreign Harvard Students Over Security Threats; Obama-Appointed Judge Intervenes
  • House Budget Chairman Defends Trump Tax Bill Against Elon Musk Criticism
  • About Us
  • Disclaimer
  • DMCA Policy
  • Home
  • Privacy Policy
  • Terms and Conditions

© 2024 Republican Fighter. The Republican Fighter is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • News
  • About Us
  • Privacy Policy
    • Disclaimer
    • DMCA Policy
    • Terms and Conditions

© 2024 Republican Fighter. The Republican Fighter is not responsible for the content of external sites.