CNBC hosts scoff at Harris economic advisor trying to justify creation of a new tax to fund her spending policies
The CNBC host on Thursday disparagingly criticized an economic adviser to the Harris campaign for trying to defend her new tax proposal. Bharat Ramamurti, who also worked in the Biden administration, appeared on “Squawk Box” with hosts Joe Curnen and Becky Quick to explain the proposal to tax investors' unrealized gains. “It's not income. If […]
Unemployment Rate Rising Despite Job Creation Due to ‘a Lot of Immigrants’ ‘Taking Jobs’
On CNBC’s “The Exchange” on Friday, Mark Zandi, chief economist at Moody’s Analytics, said the rising unemployment rate despite job creation is “because we have strong labor force growth and a lot of immigrants coming into the country looking for work.” Zandi said he believes the economy’s potential growth rate is much higher than most […]