Tonights last word. The 11th Hour with Stephanie Ruhle starts now. Good evening once again and thank you for joining us for a Special Edition of the 11th Hour. I am Stephanie Ruhle live from Carnegie Mellon University In Pittsburgh for today, Vice President , harris laid out her economic vision for this country. We will have my full Oneonone Interview with her in a couple of minutes. First, there is major Breaking News in new York City tonight. Mayor Eric Adams is expected to face federal charges as early as tomorrow. Adam says any charges against him would be entirely false and based on lies. I want to bring in former u. S. Federal Attorney Joyce he spent 25 years as a prosecutor. Joyce, i leave new York City for one night and the whole place goes on fire. What do we know and what is this whole situation go from here . Right. Clearly, you cant ever leave again. What appears to be the case here is that Federal Prosecutors have gone to a grand jury. They have obtained an indictment that has been sealed. That is why we dont know any of the details. Of course, while it is sealed, No One on the Government Side of the equation can release any details about the indictment or its existence, so it is very likely that what we are learning comes from the Defense Side of the equation but certainly not from Law Enforcement or prosecutors. What does it tell you that this is the same Department Of Justice that Donald Trump accuses of Conducting A witchhunt against him now indicting a democratic mayor . You know, Donald Trumps allegations serve Donald Trump and they are simply not the truth. Im a 25year veteran of the justice department. Federal prosecutors have a northstar, and that is the rule that you can only indict a case when you have sufficient evidence or you believe you have sufficient evidence to obtain a verdict at trial and to sustain the verdict on appeal. Every federal prosecutor i know evaluates their evidence against that standard. They dont worry about if it is a democrat or republican. Theyre worried about doing justice. That is what the Southern District Of New York will have had in mind as they conducted this investigation and prepared this indictment. Thank you, joyce. We will be all over this Tomorrow Morning but for now, lets come back to pittsburgh because there are 41 days until election day, and today in the speech at carnegie mellon, Vice President harris gave details about her economic vision for the country. Afterward, she sat down with me for an exclusive interview, her first Oneonone Interview with the major networks is becoming the democratic nominee. Mina Vice President , you just laid out your economic vision for the future but still, there are lots of americans who dont see themselves in your plan. For those who say these policies are not for me, what do you say to them . Well, if you are hardworking , if you have the dreams and ambitions in the aspirations and i believe you do, youre in my plan. I have to tell you, i really love and im so energized by what i know to be the Spirit And Character of the american people. We have ambition. We have aspirations. We have dreams. We can see what is possible. We have an incredible work ethic. But, not Everyone House the access to the opportunities that allow them to achieve those things. But, we dont lack for those things, but not everyone gets handled stuff on a Silver Platter and so my vision for the economy, i call it an opportunity economy, is about making sure that all americans, wherever they start, wherever they are, have the ability to actually achieve those dreams and those ambitions which include from middleclass families, just being able to know that their hard work allows them to get ahead. I think we cant and we should not aspire to have an economy that just allows people to get by. People want to do more than just get by. They want to get ahead and i come from the middle class. My mother raised my sister and me. She worked hard. She saved up. By the time i was a teenager she was able to buy our first home and you know, Home Ownership for too many people in our country now is elusive. Gone is the day of everyone thinking they can live The American Dream is a part of my vision for the economy is lets deal with some of the everyday challenges that people face, and address them with Commonsense Solutions such as affordable housing. Over the last four years, there have been tremendous economic winds, and you just laid out a big plan but still, polling shows that most likely voters still think Donald Trump is better to handle the economy. Why do you think that is . Here is what i know in terms of the facts. Donald trump left us with the worst economy since the great depression when you look at, for example, the employment numbers. It was during Covid And Employment was so high because we shut down the government and we shut down the country. Even before the pandemic, he lost at least 200,000 manufacturing jobs. He lost manufacturing plants. Ask the autoworkers. How he lost auto plants. We have grown over 20 new auto plants. He has an agenda, lets just deal with it right now going forward, not to mention what happened in the past. He has an agenda that would include making it more difficult for workers to earn overtime, an agenda that would include cutting off access to Small Business loans for Small Businesses, an agenda that includes tariffs to put the point that the average Working Person will spend 20 more on everyday necessities and an estimated 4000 more a year on those everyday necessities to the point that top economist in our country from nobel laureates to people at moodys and Goldman Sachs have compared my plan with his and set my plan would grow the economy. His would shrink the economy. Some of them have actually assessed that his plan would increase inflation and invite a recession by the middle of next year, so the facts remain that Donald Trump has a history of taking care of very rich people , and im not mad at anybody for being rich, but they should pay their fair share, but Tax Cuts for the billionaires and the top corporations in our country and the not really paying much attention to middle class families. My perspective on the economy is when you grow the middle class, Americas Economy is stronger and there is empirical evidence to prove my point correct. Let me ask you about taxes because lots of people say i dont like Donald Trump but he cut my taxes. He did not just cut corporate taxes. He cut individual taxes. That expires next year and there are some people confused and i dont know whats going to happen next year. Under a Harris Administration, at what Income Level should someone expect their taxes to go up in that state and local Tax Deduction that is currently captain matters to a lot of people in Blue States [ inaudible ] first of all when it relates to anybody making less than 400,000 per year, your taxes will not go up. In fact, under my plan, taxes for 100 Million americans will actually be cut, including 6000 a year for young couples, for the first year of their Childs Life in a Tax Credit by expansion of the child Tax Credit and why is that . Because during the first year of a young couple with the Childs Life, theyre going to need help buying a crib, buying a Car Seat and we all benefit when they are actually able to do when they want to do to take care of the child. Expanding that Tax Credit, you mentioned housing before, if you Cant Raise corporate taxes or if gop takes control of the senate, where do you get the money to do that . Do you still go forward with those plans and borrow . We are going to have to raise corporate taxes and we are going to have to raise we are going to have to make sure that the biggest corporation and billionaires pay their fair share. That is just it. It is about paying their fair share. Im not mad at anyone for achieving Success But Everyone should pay their fair share and it is not right that the teachers and the firefighters that i meet every day across the country are paying a higher tax than the richest people in our country. Bill gates just set it this week. If he was in charge of taxes he wouldve paid more but how do you find that line to make sure corporations are paying their fair share but not leaving our country . I have worked with a lot of ceos. Ive spent a lot of time and im going to tell you that there are Business Leaders who are actually part of the engine of Americas Economy of grade that people should pay their fair share. They also agree that when they look at a plan such as mine that is about investing in the middle class, investing in new industries, investing in bringing down costs, investing in entrepreneurs like Small Businesses, the overall economy is stronger and everyone benefits. Part of my plan for the economy is investing in new industries in a way that we have active partnerships with the private sector. I have worked with the private sector my entire career. Even as Vice President , working with some of the biggest banks and biggest Tech Companies to increase by billions of dollars, money going into Community Banks to increase access to capital for Small Businesses. Vita the biggest corporations and ceos do that . Because they know those kinds of investments like in our Small Businesses, startups and entrepreneurs actually strengthens Americas Economy overall and everyone benefits of this is not about bilking anybody, but it is certainly about saying lets make sure we create opportunity for everyone to grow wealth. I believe it is not sufficient and it should not be our goal to just make sure everyone is working. That should be the baseline. That should be a given, and lets create an economy where people have the ability to buy a home, to start a business, to take a nice vacation from time to time. For people who want to buy a home yes, getting a 25,000 kicker would be great but its not just affording a home. We dont have enough in this country. You are absolutely right. One of the main problems is regulations and rules at a local level. How does the federal government cut through all that Red Tape and get down to the suburbs of pittsburgh and say were going to have to build some affordable housing here. How do you connect the two . You are absolutely right. Across our country people rightly are concerned about the cost of housing, homeownership, to your point. We need more supply. That is, without any question, part of the solution. Creating more Supply And Demand plan includes creating Tax Incentives to work with the private sector and homebuilders. Part of my goal in the plan would be to create 3 Million new Housing Units for Rent And Ownership by The End of my first term. It includes also what we must do to cut Red Tape. You are absolutely right. It takes far too long and theres too much bureaucracy associated with homebuilding and i say that as a devout public servant. I know that we have to reduce the red Tape And Speed up what we need to do around building and that is going to require working from the federal level with state and local government and its going to be different in different places depending on the needs of that community, the needs of that local government, that municipality but working in Consultation And Coordination and also around incentives we can create for example, some of the work is going to be through what we do in terms of giving benefits and assistance to state and local governments around Transit Dollars and looking holistically at the connection between that and housing. Looking holistically at the incentives we can create for local and state governments to engage in planning and holistic manner that includes prioritizing affordable housing for working people. When we come back, more of my interview with Vice President Kamala Harris. We will talk about Donald Trumps broken promises for union workers, abortion, immigration tariffs. The 11th Hour just getting underway on a very big Wednesday Night from Carnegie Mellon University In Pittsburgh. Have you ever considered getting a walkin tub . Well, look no further Safe Steps best offer, just got better now, when you purchase your brand new Safe Step walkin tub, youll receive a free Shower Package. Yes, a free Shower Package and if you call today, youll also receive 15 off your entire order. Now you can enjoy the best of both worlds the therapeutic benefits of a warm, soothing bath that can help increase mobility, relieve pain, boost energy, and even improve sleep or, if you prefer, you can take a refreshing shower. Allinone Product Call now to receive a free Shower Package Plus 15 off your brand new Safe Step walkin tub. We are back with more of my exclusive interview with Vice President Kamala Harris from pittsburgh. Let me ask you a business that matters a lot to this town, u. S. Steel. When you think pennsylvania, when you think pittsburgh, you have the rebel in philly and he was still In Pittsburgh. The japanese company wants to buy them. You and many people are opposed to this idea but if the deal does not go through, they have said people could lose jobs, they could close mills, they could leave the state of pennsylvania. Thats like moving the Liberty Bell to newark. So, which is more important . It is most important that we maintain Americas Ability to have American Manufacturing of steel by American Workers for a number of reasons. That includes again, back to the point of growing our economy and how i think about the economy overall, investing in new industries. There is not a new industry i can imagine that is not going to require steel, the manufacturing of steel is a fundamental part of what it accomplishes and having American Workers in an american company manufacturing that steel for those new industries is going to be critically important not only in terms of our economy but also in the context of national security. Most people now realize if we did not before the pandemic, and the strain on Supply Chains and an overreliance on foreign manufacturing, that we have to be intentional about u. S. Based manufacturing and of the products that we have to prioritize, steel is one of them and thats always going to be my priority. Steelworkers matter in this country. Unions matter. In 2016, Donald Trump connected with unions. He saw them. There was an emotional connection, but what he did not do was deliver policy. In the last four years, we have seen huge wins in this country for unions, but not all unions have gotten behind you. I want to understand when the teamsters decided not to endorse you, what was the reasoning . What are they looking for . Well, let me go back to our previous conversation. Im very proud to have The Endorsement of the steelworkers and almost every other major union in america because i stand by workers in standby the importance of being able to join a union and to understand the benefit and the value of unions and i understand the importance of investing in new industries and in working actively with the private sector to grow our economy. But im asking because there is this idea of we want something more from her. What is it . Heres the thing back to your point about previous election cycles. Donald trump made a lot of promises that he did not meet and one would argue, broke. Look at lawrence town. He said that he was dont sell your home is. Yeah, dont sell your homes and look what happened, it shut down. Outsourcing under Donald Trump. His policies are about putting tends to 100 tariffs. John deere. Yes, yes. A part of the challenge and i dont disagree that it is a challenge, youve got to earn the vote of everybody, is reminding people of fact regardless of what somebody says in the small rally somewhere, and i think that is really important and that is part of what i am doing in this campaign is to remind people just like here In Pittsburgh, of the reality of who has stood with union labor, who stands for American Manufacturing, who stands for american jobs. You just mentioned tariffs are not just with one company. Donald trumps Big Idea is broughtbased tariffs across the board. You and many others have said that would be not only disastrous but it would be a direct tax on the american consumer. It would be a tax on the american people the independent economists have already measured this. The Sales Tax of doing 20 tariffs on all imports that he has described would be a 20 Sales Tax in essence on basic necessities for the average american family totaling almost 4000 a year. That is no small matter. Here In Pittsburgh when im talking to a group of folks who work here and live here and when they hear it might be 4000 more a year for them, look, People Cant afford that. But, tariffs are not unique to former president trump. President biden has tariffs in place and is looking to potentially implement more. Would you come out on this good tariff or a bad tariff. Part of the problem is you dont just throw around the idea of tariffs across the board. I say this since all sincerity, hes just not very serious about how he thinks about some of these issues and one must be serious and have a plan, and a real plan that is not just about some Talking Point Ending in an exclamation at a political rally but actually putting thought into what will be the return on the investment. What will be the economic impact on everyday people and when you look at my plans, you will see what those benefits will be. 25,000 down Payment Assistance for firsttime homebuyers. Do you know what that means . You are creating the ability of that Working Person to build intergenerational wealth, doing the work of a 6000 child Tax Credit, doing the work of a 15,000 Tax Deduction for first time Small Business startups. Thats a real plan. It is a real plan because right now its about paying attention to the detail and being serious about it. I am serious about my enthusiasm for Small Businesses in my belief and what they will do as part of americas economic engine. We are still looking at the fact that right now the Tax Deduction is 5000. Nobody in 2024 can start a Small Business for 5000 so extending it to 50,000. A Tax Deduction for startups to generate the innovation and the a