ABC News September 5, 2024

Here's where the 2024 presidential candidates stand on the economy

WATCH: If the US economy is strong, why are so many Americans struggling?

From inflation to housing costs, the 2024 presidential candidates have made their plans for the U.S. economy central to their pitch to voters.

Polls consistently show the economy remains a top issue for Americans.

Here's a brief look at where the major candidates stand on the issue.

Kamala Harris

Harris' first major policy rollout as a candidate was her plan for an "opportunity economy."

Among the policies she's announced is $25,000 in down-payment support for first-time homeowners, construction of 3 million new housing units, a federal ban on corporate price-gouging on food and groceries, raising the minimum wage and ending tax on tips.

She also pledged to build on Biden-era policies to lower drug costs and expand the America Rescue Plan's Child Tax Credit to $6,000 for "families with children in the first year of life."

She unveiled a plan for small businesses, setting a goal of 25 million new small business applications in her first term. To do so, she proposed expanding tax deductions for startups to $50,000.

She's also called for a capital gains tax rate of 28% -- more than 10 percentage points lower than what President Joe Biden had proposed. Though like Biden, she's pledged not to raise taxes for Americans who are earning less than $400,000 per year. Harris also wants to enact a billionaire minimum tax.

Donald Trump

Trump has said he would tackle the inflation through "energy independence" -- more specifically, by drilling more oil and lowering gas prices to reduce the cost of living across the board.

He's pledged to reduce the national debt, implement tax cuts and eliminate regulations. Trump was the first to roll out a plan to have "no tax on tips" and proposed eliminating taxes on Social Security benefits for seniors.

Trump also pitched universal baseline tariffs on "most" foreign products, and revoking China's trade status while also adopting a plan to phase out Chinese imports of "essential goods."

ABC News' Gabriella Abdul-Hakim, Libby Cathey, Abby Cruz, Hannah Demissie, Fritz Farrow, Lalee Ibssa, Soo Rin Kim, Nicholas Kerr, Will McDuffie, Kendall Ross and Kelsey Walsh contributed to this report.