Commerce Sec. Gina Raimondo says cutting taxes on the wealthy doesn't work, leaves others behind

The transcript features a discussion with the commerce secretary at the DNC, focusing on economic policies. It critiques Republican tax cuts for the wealthy, highlighting their ineffectiveness and negative impact on manufacturing jobs and the deficit. Kamala Harris's policies are presented as alternatives, emphasizing middle-class support, housing affordability, and childcare tax credits. The conversation also addresses housing supply issues and proposes incentives for home builders. The discussion shifts to electric vehicles, countering claims about cost increases due to tariffs proposed by Donald Trump.

What is the main criticism of the Republican economic strategy according to the commerce secretary?

• It focuses too much on manufacturing jobs.

• It relies on tax cuts for the wealthy, which do not benefit everyone.

• It increases government spending excessively.

• It does not address the needs of the wealthy.

What is a key component of Kamala Harris's economic policy as discussed by the commerce secretary?

• Reducing taxes for the wealthy.

• Building the middle class and supporting middle-class jobs.

• Increasing tariffs on imported goods.

• Focusing on international trade agreements.

What is the proposed solution to the housing problem according to Kamala Harris's plan?

• Increasing rent subsidies for low-income families.

• Reducing interest rates on mortgages.

• Building 3 million more homes to increase supply.

• Providing tax cuts for real estate developers.

How does the commerce secretary respond to criticisms about the feasibility of Kamala Harris's housing proposal?

• By stating that the proposal is too expensive.

• By arguing that the proposal is affordable and backed by numbers.

• By agreeing with the criticisms.

• By suggesting alternative funding sources.

What is the commerce secretary's view on Donald Trump's proposed tariffs on imported goods?

• They are necessary to protect American jobs.

• They will act as a sales tax on American consumers.

• They will encourage domestic production.

• They will help reduce the national deficit.