Ready! Set! Go!

The current presidential election has been marked by significant events, including President Biden's poor debate performance and the attempted assassination of former President Trump. Vice President Kamala Harris has emerged as the Democratic candidate, gaining energy and optimism during the successful Democratic National Convention.

The race appears close, with upcoming debates set to clarify candidates' positions, particularly on critical issues like inflation, immigration, and Federal debt, which has reached $35 trillion. Harris is positioning herself as a change candidate, emphasizing plans to lower consumer goods costs while aligning herself with Biden's legacy, complicating her message.

Despite a decrease in inflation rates, housing affordability has sharply declined, with average home prices rising significantly and mortgage rates nearing 8%. Trump aims to extend the 2017 tax cuts, while Harris proposes increasing taxes on corporations and high earners, despite concerns about the economic implications.

Both candidates advocate for eliminating taxes on tips and Social Security benefits, a stance that may be unsustainable given the national debt. Potential changes to Federal Reserve independence and tariff policies are also under discussion, highlighting differing economic strategies.