meta_pixel
Tapesearch Logo
Log in
Marketplace All-in-One

Crypto firms get spendy and political

Marketplace All-in-One

Marketplace

Business, News

4.51.4K Ratings

🗓️ 23 August 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

Cryptocurrency companies have been pumping lots of money into 2024 federal elections — more than $119 million so far, or almost half of corporate money given during elections this year, according to consumer advocacy group Public Citizen. Also on the show: The Democratic National Convention wraps up with an emphasis on the middle class, and Copenhagen’s underground tunnel network aims to help the city deal with the worst of the climate crisis.

Transcript

Click on a timestamp to play from that location

0:00.0

The Democratic National Convention wraps up with an emphasis on the middle class.

0:06.0

From Marketplace, I'm Sabrie Beneshore, and for David Brancaccio.

0:10.0

The DNC ended last night with Vice President Kamala Harris accepting the party's nomination and promising to focus on the middle class should she be elected in November.

0:19.0

We will create what I call an opportunity economy, an opportunity economy where everyone

0:27.0

has the chance to compete and a chance to succeed.

0:35.6

Marketplace of Nova Safer was there and has more.

0:40.8

In her acceptance speech, Kamala Harris said her so-called opportunity economy would include a tax cut, which would affect 100 million Americans.

0:44.0

She also assailed Donald Trump's promised across-the-board tariffs as a tax increase.

0:49.0

Many of the tax cuts enacted in 2017 by a Republican Congress and then President Trump

0:53.8

are said to expire at the end of next year so the next president will have a lot of

0:58.4

sway over which ones might be preserved. Harris's advisors have signaled that she would pursue or

1:03.9

expand upon many of the Biden administration's economic priorities,

1:07.7

including the current president's desire to maintain tax cuts for households

1:11.9

making less than $400,000.

1:14.7

Harris wants to maintain the child tax credit, raised to $3,600 in the American Rescue

1:19.5

Plan enacted in 2021.

1:21.7

It's set to expire at the end of next year. And she's pledged to build

1:25.2

three million new homes to alleviate a housing shortage. The Biden administration

1:29.0

proposed a two million home plan. In Chicago, I'm Novasavo for marketplace.

1:34.0

Almost half of corporate money donated in federal election so far this year

1:39.0

has come from cryptocurrency companies more than a hundred and nineteen million so far, according to Consumer Advocacy

1:45.4

Group Public Citizen.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.