“What if Harry”? “Harris Trade” surges Mr. Harris rages on Mr. Trump due to competition for funds and approval ratings

US Vice President Harris of the Democratic Party has overtaken former President Trump, the Republican Party candidate in the competition for funds, and the difference in approval ratings has also narrowed.

Since announcing on the 21st that it would withdraw from the Biden presidential election campaign and support Mr. Harris as a successor candidate, the election campaign of US Vice President Harris posted on X that it “collected 200 million dollars (30.8 billion yen) of funds in 1 week, and 66% of it came from new donors.” Meanwhile, in early July, the Trump administration announced that the amount of funds raised for the second quarter was 0.3 billion31 million dollars.

City analyst Scott T. Cronart stated in the report that “if Harris is elected, there is a high possibility that it will take over the Biden administration's line in terms of policy,” and “on the other hand, proposals that Mr. Harris has supported in recent years, such as an increase in government spending, corporate tax hikes, expansion of clean energy investment, and strengthening of AI regulations, etc., will also be incorporated.”

Support clean energy
Mr. Harris supports the Biden administration's climate change countermeasures. Mr. Biden signed the Inflation Reduction Act (IRA) during his term of office, and it is estimated that GHG emissions can be reduced by 40% by 2030.

Mr. Harris insisted on investing 20 billion dollars in the EPA's greenhouse gas emission reduction fund in order to support clean energy development such as next-generation automobiles and solar power generation. He also emphasized tightening regulations on fossil fuel development and other polluters.

Open to cannabis
Mr. Harris criticized regulations against cannabis and asked the U.S. Narcotics Control Administration (DEA) to change any cannabis policy, such as reviewing the current classification of cannabis.

Be careful with AI
Mr. Harris insisted that when government agencies use AI, they first verify that it does not threaten the rights and safety of American citizens. Also, when Mr. Harris met with high-tech companies in the first half of this year, he emphasized that “President Biden hopes that product safety must be ensured before your company provides AI services to the public.”

Analysts pointed out that if Mr. Harris is elected, there is also a possibility that regulations on insider ownership and sales etc. by high-tech enterprise management teams will become stricter.

Insist on tax cuts for low- and middle-income earners
During the election period, Mr. Harris proposed a tax credit of 500 dollars a month for income earners of 0.1 million dollars or less in place of the tax reduction measures introduced by former President Trump in 2017.

Repairing relationships with the cryptocurrency industry
Mr. Harris is in contact with major virtual currency companies with the aim of repairing the relationship between the Democratic Party and the virtual currency industry. According to his campaign, rebuilding relationships with the cryptocurrency industry is not about obtaining funding, but paving the way for a more appropriate regulatory framework.