A group of more than 400 economists and former policymakers supported Vice President Harris in an open letter published Tuesday, arguing that former President Trump's policy proposals would create uncertainty in the economy.
The letter, signed by dozens of economics professors and several former government officials who served in Democratic administrations, comes ahead of Harris' economic speech scheduled for Wednesday in Pennsylvania.
“The choice in this election is clear: failed trickle-down economic policies that benefit the few, or economic policies that provide opportunity for all,” the signatories wrote.
“This is a choice between inequality, economic injustice and uncertainty under Donald Trump or prosperity, opportunity and stability under Kamala Harris — a choice between our past and our future,” they continued. “With Kamala Harris in the White House, workers, families and businesses can be sure they have a president who will work tirelessly to build a strong, growth-oriented economy for all Americans.”
CNN was first Reported The letter was signed by former Obama administration officials, including Jason Furman, Bill Daley and Penny Pritzker.
Signatories include former Secretary of Labor Marty Walsh, Brian Deese, who recently served as President Biden's top economic adviser, and Alan Blinder, who served on President Clinton's Council of Economic Advisers and later served as vice chairman of the Federal Reserve.
Harris has offered several specific economic proposals since becoming the Democratic candidate in late July, calling them part of her “opportunity economy” platform. She has proposed ending federal price gouging, calling for more housing supply and assistance for first-time homebuyers, and expanding the child tax credit.
Trump has said that if he wins the White House in November, he will extend the tax cuts he first signed into law in 2017 that are set to expire next year and push for further cuts to corporate tax rates.
The Republican presidential candidate has also said he would lift regulations and allow more drilling, which the former president claims would lower energy prices, and has repeatedly vowed to impose tariffs on foreign imports and manufacturers that outsource production outside the United States.
Trump claims tariffs will lower costs, but economists say repetition said That could lead to businesses passing on higher costs to consumers, exacerbating inflation.
