Fact check: Harris claims top bankers prefer her economic policy to Trump's

Contributing sentiments towards policy:

67% : "The FactsFollowing a Goldman Sachs report published two weeks ago, there was media coverage suggesting that the U.S. economy would get a boost from a Kamala Harris victory, but that proposed increased import tariffs and immigration curbs under Trump would harm economic output.
54% : The VP also made bold claims about her plans (and Trump's) for the U.S. economy.
48% : "We estimate that if Trump wins in a sweep or with divided government, the hit to growth from tariffs and tighter immigration policy would outweigh the positive fiscal impulse, resulting in a peak hit to GDP growth of -0.5pp in 2025H2 that abates in 2026," the note read.
47% : The model suggested that under Trump, GDP "eventually falls relative to current law, falling by 0.4 percent in 2034 and by 2.1 percent in 30 years".
38% : The business school reference concerns a Penn Wharton Budget Model which found that Harris's tax and spending proposals would increase primary deficits, which limit a government's ability to manage the economy, less than the proposals from Trump.
36% : "That report which was mentioned [at the debate between Harris and Trump] came from an independent analyst," Solomon said, speaking to CNBC.
23% : Newsweek has contacted the Harris and Trump campaigns, and Goldman Sachs and The Warton Business School, for comment.
19% : Primary deficits would increase more under Trump, the report noted, but while low and middle-income households would fare better under Harris, the wealthiest 5% of families would "fare worse".

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