Kamala Harris

Trump's pledge to cut taxes for elderly Americans, a key voting bloc, comes as the Republican nominee tries to recalibrate his campaign to focus on Vice President Kamala Harris.

The shock replacement of the Democratic presidential candidate less than four months before the election has introduced a new element of uncertainty about the outlook for economic policy in 2025 and beyond.

While she has promoted the Biden administration's policies, she has campaigned on ideas that are more far-reaching in scope than the president's plans.