NEW: Former President Trump recently mused that he might impose even higher tariffs than earlier proposed. A 20% across-the-board tariff + 60% tariff on China would cost a typical US household more than $2,600 a year, up from the $1,700 if it was 10%. #PIIECharts

Baby formula tariffs resulted in catastrophic shortages during the pandemic — in November, let’s elect a president with a responsible and targeted trade policy. washingtonpost.com/opinions/2022/…

Good news for the Harris campaign: swing state North Carolina has fared quite well under the Biden-Harris economy, with wages growing faster than in the rest of the US. cc: Bloomberg

Crypto companies have poured massive amounts of money into this federal election cycle, accounting for about half of all donations from corporations. cc: Axios

Here’s a great visual from The Washington Post charting Bill Clinton’s claim from Wed night: Democrats have championed job-making in recent history, beating republicans 50 to 1.

Project 2025 hopes to ultimately replace all income & corporate taxes with a consumption tax. Unsurprisingly, this plan would hurt most of the country and benefit a select few: the richest 10%. cc: American Progress

Estimates from Penn Wharton Budget Model find that Trump’s economic proposals would add $5.8T to the deficit, while Harris would add $1.2T — pretty clear which of the two would run a more responsible fiscal policy. cc:Axios

Just one example of our fiscal challenges: U.S. CBO projects that Social Security’s trust funds will be exhausted in 2034.

We are once again reminding you that tariffs are taxes & Trump's proposed 20% across-the-board tariff plus 60% on imports from China would cost a typical household over $2,600 per year. #PIIECharts Details: piie.com/research/piie-…

R’s and D’s more often blame govt spending, debt & taxation for inflation and even D’s mostly don’t blame business. Harris may need to change minds about the cause of inflation to convince undecided voters on her econ policy. cc: NBER

Job openings dropped to 7.67M in July, coming in lower than expected — further evidence of a cooling labor market

From education to infrastructure, Republicans fight programs that help red states. I’ll be on Morning Joe in a few to show how blue states pay for red state benefits.

Red states disproportionately benefit from education subsidies like Head Start — it’s weird that Republicans at Project 2025 want to cut the program. Morning Joe

Title I funding is vital in low-income schools, particularly in red states, where it supports 6.4% of teachers’ jobs — why, then, do Republicans at Project 2025 want to cut Title I funding? Morning Joe

Since the IRA passed, clean tech investment has risen to $70B per quarter, good news for both the economy and the planet. Morning Joe

The IRA has increased green manufacturing investment in Republican states by 84%. How can they justify their plans to repeal the bill? Morning Joe