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CNN 5 Things

12 PM ET: Competing tax policies, schools facing face budget cuts, breakdancer backlash & more

CNN 5 Things

CNN

Daily News, News

3.71.3K Ratings

🗓️ 16 August 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

We'll cover some of the economic policy plans Vice President Kamala Harris is expected to roll out today and how they compare to former President Donald Trump's. Russia appears to be moving troops from key battlegrounds to deal with Ukraine's surprise incursion. The US is experiencing a summer Covid-19 wave. Schools are having to make budget cuts as some pandemic funding runs out. Plus, we'll hear from the Olympic breakdancer who went viral for all the wrong reasons. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Hey there from CNN, I'm Chris de Boe with the five things you need to know for Friday, August 16th.

0:07.0

Tax cuts for middle class and lower income Americans, expanded child tax credits, down payment assistance for first-time homeowners,

0:14.8

and a federal ban on price gouging at the grocery store and beyond.

0:18.2

These are some of the economic policies Vice President Kamala Harris is expected to roll out today in North Carolina as she

0:24.0

tries to draw a stark contrast to her opponent.

0:27.2

Former President Donald Trump and his running mate Senator J.D. Vance are accusing

0:30.7

Harris of copying them on economic policy,

0:33.6

particularly on child tax credits

0:35.8

and the no tax on tips policy.

0:38.0

Vance tweeted this morning, quote,

0:39.5

the differences Trump actually lowered prices as president. Harris is in power now

0:44.0

now and does nothing.

0:45.0

Trump on Wednesday said he would enact tax cuts for people of all incomes

0:49.0

and for businesses as well.

0:51.0

That's what gave us the great economy. We'll make tax cuts

0:54.8

additionally. We'll make them permanent. But the Harris campaign says they believe

0:59.0

tax cuts for the wealthy and big corporations will only hurt the middle and lower income class.

1:04.0

Looking ahead, Monday is the first day of the Democratic National Convention,

1:07.4

and ABC News announced today the first presidential debate between Harrison Trump

1:11.3

will be held in Philadelphia on September 10th.

1:15.0

Russia appears to have moved several thousand troops out of occupied territory in Ukraine

1:19.7

to fight back against a surprisingly successful Ukrainian incursion inside its borders.

...

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