Where the candidates stand: The economy

 High prices are a top concern for many Americans who are struggling to afford the cost of living after a spell of steep inflation.

In CNN polling released earlier this month of six swing states, economic issues remain the topic most often chosen by voters when asked what matters in their choice for president.

Below is a snapshot of what the candidates have proposed so far:

Highlights of Kamala Harris’ economic promises

• The first-ever federal ban on price gouging on food and groceries to counter the increase in food costs.
• Increasing a tax deduction for new small businesses to $50,000, up from $5,000.
• Boosting investment in community development financial institutions, or CDFIs, which are dedicated to serving low-income people and communities that are missed by traditional lenders.
• Continue the Biden administration’s drive to eliminate so-called junk fees and to fully disclose all charges, such as for events, lodging and car rentals.
• A three-section plan aimed at addressing the nation’s housing shortage. Parts of it build on proposals that Biden has already unveiled.
• Restore the American Rescue Plan’s popular expansion of the child tax credit to as much as $3,600, up from $2,000, and call for it to be made permanent.
• Ending federal income taxes on tips, which sparked Trump’s ire that she is copying his campaign promise.

Highlights of Donald Trump’s economic promises

• Extend the cuts from his 2017 Tax Cuts and Jobs Act, notably the TCJA’s individual income tax breaks. The former president has also talked about reducing the corporate tax rate to 15%, from 21% – but only for companies that make their products in the US.
• Push for legislation that would end taxes on overtime pay. This summer, during a campaign stop in Las Vegas, Trump also pledged to end taxes on tips, a move targeted to appeal to hundreds of thousands of people working in the city.
• Stop taxing Social Security benefits. He has yet to outline a proposal to replace the lost revenue, which could harm the popular entitlement program, as well as Medicare and the federal budget.
• A government efficiency commission as a way to reduce government spending and he announced that Tesla CEO Elon Musk has agreed to lead it.
• Repeal Biden’s tax hikes, “immediately tackle” inflation and end what he called Biden’s “war” on American energy production.