Harris Should Fight Trump With a Better Bidenomics
That means standing up for fiscal responsibility and recognizing market forces as an ally.
Room for improvement.
Photographer: Andrew Harnik/Getty Images
Vice President Kamala Harris began to set out her economic agenda last week and will doubtless say more about it when she speaks at the Democratic National Convention on Thursday. Unsurprisingly, her program is shaping up to be Bidenomics 2.0 — which is mostly a good thing. An emphasis on the energy transition and wider economic opportunity is quite right. The question is whether her administration will aim to strengthen the first version or double down on its weaknesses.
The spending plans Harris has started to outline are a more expansive version of President Joe Biden’s latest budget. Notably, they include substantially bigger increases in the Child Tax Credit (with a credit of $6,000 for newborns). Desirable as this and other new outlays might be, they aren’t free, and there’s little sign yet of how they’ll be paid for.