Until election day. I have read it to you do not have to. It has plans for every aspect of the federal government, mostly shrinking it except where it allows the government to control the lives of the citizens. And then there's this other part about cutting taxes for corporations and the wealthiest. Today center for american progress released an analysis of what project 2025 tax plan would actually look like for america's bank accounts it trump enacted it. Top lines are amazing. According to them, the tax plan would cut taxes for households making more than $10 million a year. By an average of $2. 4 million a year. That's great news for the hyper wealthy. What about the rest of america? this is a visualization of the added tax burden for a middle class a married couple with two children under plan. Families by that description that make $35,000 a year and $170,000 a year would all see taxes go up. For example a married couple making $80,000 a year would see nearly $2000 more in federal taxes per year. And the ultrawealthy getting a tax cut. The same is true for single americans. Every american making between $17,000 and $85,000 a year would see taxes go up. Is a very good reason that donald trump claims to have nothing to do with project 2025 every time he's asked. Compare the nonsense in here to vice president harris his tax proposal. It's a continuation of the promise that nobody making less than $400,000 a year would have their taxes go up at all. That is a key part of the tax proposal. It's not just income taxes. We import a lot of things in america. Here is donald trump's plan to deal with that. Where going to have 10 to 20% tariffs on foreign countries that have been ripping us off for years. We are going to charge them 10 to 20%. That is knucklehead stuff. Not only will he impose a tariff on imports broadly, but he says specifically he will impose a 60% or higher tier of on all imports from china. He's trying to sell that is another way that he's putting america first, but the center for american progress crunched the numbers and the reality is that this plan does not shift the burden to china as he would like to say. Anyone with a third grade education understands when you put a tariff on imports, it shifts the burden to the consumer. If he puts a 10% tariff and a 60% tariff on goods from china, it would cost the average middleclass american family an extra $2500 a year just to buy the same goods they are already buying now. If you chose to go more extreme and implemented a 20% tariff on countries that would cause the middleclass family $3900 a year for exactly the same goods they are buying now. Whether it is in tax code changes or tariffs, these plans are major tax cuts for the rich and huge tax burdens for the middleclass. Paying more for what you already by is the textbook definition of inflation, something we've been trying successfully to tackle since the pandemic. Trump wants to impose inflation upon us as soon as he gets into office. Meanwhile, here is kamala harris his plans. Eliminate medical debt for millions of americans. A ban on price gouging, a cap on prescription drugs, a $25,000 subsidy for firsttime homebuyers and a revival of the child tax credit. The last one. That is huge. You might remember the expanse in the child tax credit that was part of the american rescue plan. It cut child poverty by 46%. Those expanded tax credits only lasted for 6 months and then they disappeared. Despite the good that they did plunging many american children in the richest country into the world into poverty. Harris wants to bring those back and increase the amount that parents get for the first year of the child's life, which is the most important. You may be thinking it sounds great, but how do we pay for it? that is where harrison trumps economic plans really flipped the script. Republicans have sold themselves as the party of the school responsibility is democrats irresponsibly overspending. According to nonpartisan estimates, harrises proposing to spend about $2 trillion of the next decade while raising about 5 trillion in tax revenues. It puts her plan $3 trillion in the green all without raising the taxes of anyone making less than $400,000 a year. Now let's look at the right side. Trump's plans calls for 5 trillion in tax breaks and only raising about 3 trillion in tariffs. The term for that is upside down pineapple cake. It means trump white house would put the country $2 trillion in the red and cutting the taxes the ultrawealthy and increasing the burden on americans by adding tariffs to imported goods. The question now is how much of these very different economic divisions will reach the voters by november, and what economic messages will resonate with them? yesterday the here is campaign launched an ad and it looks like they are betting that one part of the economic vision that will connect with voters are her plans on housing. Most of my childhood we were renters. My mother saved for a decade to buy a home. I was a teenager when that day finally came and i can remember how excited she was. I know what homeownership means and sadly right now it is out of reach for far too many american families. During the foreclosure crisis i took on banks who exploited people in the housing market, and today corporate landlords get hundreds of houses and apartments and turn them around and rent them out at extremely high prices. I will fight for law that cracks down on these practices and we will and america's housing shortage by building 3 million new homes and rentals. We should be doing everything we can to make it more affordable to buy home not less. Joining me now is tina smith of minnesota. She's the chair of the subcommittee on housing and community development that oversees all federal housing and transit programs. Thank you for being year. It's great to be with you. There are a lot of things in the economy that are transient. You can do various things including fighting inflation or fixing a recession. Housing is everything. It's an infrastructure problem and a government activity. This is the thing that people feel holds them back. Young people in good jobs who have no likelihood of being able to on a house in america. That is exactly right. Americans are trying to figure out how to afford their lives. One of the biggest issues is can they afford the rent or the mortgage or realizing the american dream of buying their own home. And the reason we have a struggle is we have a significant housing shortage in our country. It started in the foreclosure crisis of 2008 when construction collapsed. And we've never really caught up. What i admire about what vice president harris and governor walz are proposing is a practical and very realistic proposals for how to get at this by boosting housing supply and sitting a goal, as you laid out, of building 3 million new apartments and houses over the next five years, and then, getting after corporate landlords who swoop in and buy up homes and turn them into rentals and jack up the prices and not maintain them and having a huge impact on communities in places like atlanta, i think 40% of the homes are being bought up by these big corporations. And it's reducing opportunity for everyone. They laid out a good plan in comparison donald trump, as a convicted criminal, was sued for housing discrimination. He did nothing about this when he was president. We talk about inflation, a lot of prices have come down, but when you add housing to that, whether it's on affordability or rent, there are people where i say inflation has come down a lot since the pandemic and they say, do see my rent? so forget the idea that there are people of owning a home is escaping them, but the rental issue is very serious because you're stuck renting if you are a homeowner and it's hard you cannot find an affordable place. When you're not building enough supply in order to meet the demand, prices will go up and that's what we are seeing. In my hometown of minneapolis, where they've made zoning changes so it's easier to build apartments and build more houses, we've seen a lower inflation rate overall because we are getting on top of this housing supply problem. This is something we can do across the country and that's what vice president harris is laying out her proposal. The median price of a singlefamily home in america, the price that has a higher and lower is 495,000. 77% of households could not possibly afford to live in the home in america. That is exactly right. The dream of owning your own home is part of the american dream and part of the way you can build wealth in this country. We also know that that dream has not been available to everyone. The long legacy of redlining has limited opportunity for people and that's why it's important we have a comprehensive plan like vice president harris has laid out to get at this. And make that dream available to everyone in this country. One interesting thing about minnesota is it has done some of these things with housing and the child tax credit and done it with all these things we learned about your state the last few weeks. And it still a business friendly state. If you do those things, businesses will run from your state is not true in minnesota. I will tell you i travel all over minnesota all the time. And what business people tell me is one of the limiting factors that they face is they are trying to recruit talent, especially in small towns and rural communities because there's no place for people to live. How can you recruit a family to work in your company when they can't find a good place to live? it's very much part of the business strategy in minnesota to have housing that is affordable and childcare and paid family and medical leave and other things that the governor has accomplished that make it a very business friendly and strong economy state. I want to ask you this. The idea of providing people with money for down payment makes sense. But in a housing shortage environment, could that caused more housing inflation because now you have people who are going to buy the limited supply of housing. Truly, this is why it's important we have a comprehensive plan. If you only provided support for down payment assistance and you didn't get after the fundamental problem of not having enough supply, then you would have a problem. But for hopeful is comprehensive. You have to get the root problem of supply and is complicated. You have to have better tax incentives for private developers and you need to create more innovative opportunities for local communities to build housing that's not totally built off the profit. You need to have zoning laws you can build duplexes and communities and do that more affordably so buildings can get built. You have to have that comprehensive approach. Thank you for joining us. She's a democratic senator from minnesota. We appreciate your time. We have a lot to get to, including a normal thing for donald trump to do. Is selling pieces of the suit he wore while debating joe biden. 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