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As the 2024 election approaches, Donald Trump has proposed significant tax cuts aimed at working-class voters, including eliminating taxes on overtime pay and restoring the state and local tax (SALT) deduction. These proposals have raised concerns about their fiscal implications and potential benefits for high-income earners, with contrasting views emerging from analysts and political figures.
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Hyundai has commenced production of its Ioniq 5 EV in Georgia, ahead of schedule, while Toyota has delayed its EV rollout in the U.S. amid declining demand. Tesla has discontinued its cheapest Model 3 variant, reflecting market pressures. Ford is addressing charging concerns with a new incentive program for EV buyers.
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The Trump campaign mistakenly used a stock photo of the country Georgia in a voter registration ad aimed at Georgia, USA. The ad, which received 2,000 to 3,000 views, prompted ridicule from opponents, highlighting the campaign's ongoing challenges in battleground states ahead of the November election.
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During a speech in Savannah, Georgia, Donald Trump outlined his vision for a 'new American industrialism,' proposing tax cuts and tariffs to boost U.S. manufacturing. He criticized Vice President Kamala Harris's economic policies while promising to create jobs and raise wages, despite previous unfulfilled pledges.
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The International Longshoremen's Association (ILA) ended a three-day strike after reaching a tentative agreement with port operators for a 62% wage increase over six years. The strike, which affected 36 ports from Maine to Texas, raised concerns about supply chain disruptions during the holiday season. Work will resume until January 15, 2025, when further negotiations will take place.