🚀 Kamala Harris' Economic Proposals

In partnership with

In partnership with

Use AI as Your Personal Assistant

Ready to embrace a new era of task delegation?

HubSpot’s highly anticipated AI Task Delegation Playbook is your key to supercharging your productivity and saving precious time.

Learn how to integrate AI technology into your processes, allowing you to optimize resource allocation and maximize output with precision and ease.

Download Now!

Market Overview
Read time 1.4 minutes

As you all know, I try to avoid politics, but with the number of policies that have now been shared, I wanted to break down Kamala Harris’ economic policies because, quite frankly, they are extremely misleading. This is not meant to be partisan. I’ve focused on Kamala Harris because I believe the effect of Trump’s policies are pretty apparent on their face. A 20% tariff on all imports will increase the price of all goods for consumers until the US has the time to replace that production with local manufacturing. At that point, it will benefit those who gained employment with the new local jobs while still hurting those that aren’t benefiting directly or indirectly from these new jobs. His idea to cut development fees, red tape and costs on housing developments will increase the number of new homes built and lower prices but also create more risk of mistakes or faulty developments (generally a small risk).

Year To Date Performances:

1. Kamala Harris' proposed $25,000 tax credit for first-time homebuyers is aimed at addressing affordability, but it faces a different housing market compared to the 2009 tax credit. Unlike the financial crisis era, where home prices were plummeting, today's market faces high prices and limited supply, which could result in the tax credit inflating home prices further. With mortgage rates also at record highs, increasing demand might not make housing more accessible but rather exacerbate affordability issues. To put it simply, if you start handing out $25,000 in a housing market where sellers are already getting the prices they demand, everyone’s bid will go up by $25,000+, so sellers will actually likely get an extra $50,000+ (since the additional down payment means a higher mortgage is also allowed) so first time homebuyers will likely now end up paying more money for their homes and carrying more debt. This analysis is backed by Mark Zandi an economist at Moody’s.

2. Democratic presidential nominee Kamala Harris has outlined a plan to combat price gouging and reduce grocery costs amid rising food prices. Harris proposes a federal ban to prevent large corporations from exploiting consumers during crises, but specific details on enforcement remain unclear. Her proposal has drawn criticism from former President Donald Trump, who likened it to "Soviet-style" price controls. The plan's popularity is reflected in polling, with 60% of Americans supporting caps on food price increases, though passing such legislation in Congress may prove difficult. Even Harris surrogates like Mark Cuban have admitted that the plan won’t help with inflation and that government spending, such as the Inflation Reduction Act, caused inflation and not price gouging. This is again an example of a policy that polls well and is helping Harris gather votes but will have no practical implementation or benefit for voters who support her.

3. Raise Venture Capital in 2024. Get the course helping top founders raise venture capital. The materials in this course are used by founders pitching a16z, Sequoia, YC and more while raising tens of millions! Get the course now for just $199. *

4. Headlines

   1. The idea of removing taxes on tips, which has been proposed by both Trump and Harris, is also absurd. One of the primary objectives of tax law is to avoid loopholes. This would create a massive tax free loophole incentivizing millions of people to report different types of income as tips.

   2. Another idea that is polling very well is the $50,000 tax deduction for new small business owners. The problem is that it is a tax deduction, which means you need to make money to benefit from it. Statistically 70% of these companies will fail before they can ever use the tax deduction. A tax credit which actually refunds a % of the money spent as is used in the UK would be significantly more effective by actually subsidizing startup costs.

   _{* This is sponsored content.}

Goodbye Meal Kits, Hello Hungryroot

Hungryroot is a grocery and recipe delivery service that supports any health needs you and your family might have. Whether you’re looking to incorporate a gut-friendly diet, just trying to eat healthy, or anything in between, Hungryroot makes achieving your goals on your terms easy.

Browse the thousands of groceries and recipes available each week, or have Hungryroot curate a delivery made just for you and your family based on your preferences. Save hours planning, shopping, and cooking each week. Plus pick one free item for life.

Take the quiz and get 30% off your 1st order!

Are you looking to grow your business? Here is how I can help: 

📱Book a Strategy Call to get 1:1 feedback on your pitch, pitch deck and/or fundraising strategy. (If you need general startup advice, then reply to this email, and I’ll let you know if/how I can help.)

📺 Access FundraiseOS, the ultimate fundraising course with video lessons and practical worksheets helping with everything from deciding how much to raise to understanding a term sheet.

Onwards and Upwards,

Liam Gill

Run CTV Ads on Roku This Black Friday

Black Friday is Roku’s most-streamed period of the year, marking the start of a month-long holiday streaming (and shopping) frenzy. Roku’s new self-serve advertising tool has a simple UI, advanced targeting options, real-time performance optimization, and engaging ad formats so you can run ads—allowing your brand to appear alongside the TV, movies and sports your audience is streaming over the holidays. You can even run shoppable ads that let viewers transact directly on-screen without ever leaving their couch.

Read the Black Friday guide