Zhitong
2024.07.26 23:38
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Key swing state polls are tied with Trump. Who is He Jili?

The latest poll in Michigan shows that He Jinli and Trump are tied in support in the key swing state. If He Jinli becomes president, her economic policy will continue the current President Biden's policy, including allowing Federal Reserve Chairman Powell to complete his term until 2026 without White House interference. In addition, He Jinli also supports the proposal to expand the dual mandate of the Federal Reserve, adding content on racial equality. However, He Jinli's specific economic plans are not yet known

According to the latest poll in Michigan obtained by Zhitong Finance APP, with over 100 days until election day, in the key swing state, the support rates for Harris and Trump are tied. The survey shows that after Biden withdrew from the presidential race and Harris took over, Harris and Trump each have 41% support among potential general election voters.

If Harris becomes president, her economic policies will largely continue the policies of the current president, Biden. This means that Federal Reserve Chairman Powell should be able to complete his term until 2026, and the Fed can implement monetary policy without White House interference.

However, as a U.S. senator, the current vice president and presumed Democratic presidential candidate Harris appears more liberal. Representing California from 2017 to 2021, in a 2018 vote, she was one of 13 senators who voted against Powell's initial appointment as Fed chairman. At that time, she and seven other Democrats, including Senator Cory Booker of New Jersey, Senator Kirsten Gillibrand of New York, and Senator Elizabeth Warren of Massachusetts, voted against Powell. During Powell's confirmation hearing, Warren harshly criticized his lack of oversight of the U.S. banking industry.

When Biden nominated Powell for reappointment four years later, Harris was the vice president at the time.

Harris also supports the Democratic Party's proposal in 2020 to expand the dual mandate of the Fed to include increasing racial equality. This platform suggests that the Fed should report on and work to address racial employment and wage disparities in the U.S. In 2022, a bill containing this requirement narrowly passed the Democratic-controlled House of Representatives but has not passed the Senate committee or entered the Senate's voting schedule.

The draft of the 2024 Democratic Party platform will be discussed by party members at the August Democratic National Convention, and currently, the draft does not mention the Fed. Harris's campaign team did not respond to inquiries about her economic plans.

Biden's economic policy focuses on investing in green technology and infrastructure, as well as reviewing large corporations, especially proposed mergers and acquisitions. While Harris has a limited personal record in economic policy-making, it is not because she did not make efforts during her time in the Senate.

Looking back at her speeches and voting records, first as a senator and then as vice president, she has shown concern for families, workers, and healthcare. As vice president, Harris has been a spokesperson for the Biden administration's policies, including the Inflation Reduction Act and the "Build Back Better" agenda, which have been partially legislated in the first half of Biden's term. She also led the White House Task Force on Worker Organizing and Empowerment, aimed at supporting union workers.

Harris was a member of the Senate Budget Committee. Prior to that, she served as Attorney General of California from 2011. Harris holds a Bachelor's degree in Economics from Howard University and a law degree from the University of California, Hastings College of the Law.

As a senator, Harris introduced a bill to provide tax credits for Americans whose monthly rent and utilities exceed 30% of their income. The 2018 Rent Relief Act had support from five co-sponsors but was never brought to a vote At the beginning of 2019, she proposed the "Middle Class Enhancement Act," planning to provide a $3,000 refundable tax credit to individuals with incomes below $50,000, doubling for joint filers. This bill did not advance in the committee.

In 2019, she introduced the "Wall Street Accountability Act," which also did not come to a vote. The bill would allow state attorneys general to "issue subpoenas to investigate actions suspected of violating state laws applicable to national banks."

During her time as a senator, Harris introduced several healthcare-related bills, including drug pricing, maternal health, and telemedicine. As California's Attorney General, she joined the federal Department of Justice and other state attorneys general in suing to block the merger of insurance companies Cigna and Anthem (now known as Elevance Health, ELV.US). The deal subsequently fell through.

During a hearing on the 2018 federal budget in 2017, Harris focused on questions regarding worker retraining for 21st-century jobs. She criticized proposals to cut funding for the Department of Labor and workforce training programs. In other hearings, Harris inquired about federal spending on child programs, scientific research, disaster relief, as well as the future solvency of Medicare and Social Security.

Harris voted in support of the 2020 Coronavirus Aid, Relief, and Economic Security (CARES) Act. As Vice President, she broke a 50-50 tie to pass the Inflation Reduction Act.

As a senator, Harris voted against the approval of the United States-Mexico-Canada Agreement (USMCA) in 2020. She also voted against the Republican-backed Tax Cuts and Jobs Act of 2017.

The 2024 Democratic Party platform proposes higher taxes on billionaires and large corporations, establishing child tax credits, and taxing capital gains at the same rate as income. If Harris secures the Democratic nomination as expected, she will face off against Republican candidate Trump in the presidential election on November 5th