(DCWatchdog.com) – After almost four years of dismal economic policies, Kamala Harris’ campaign is focused on plans to restore and expand the new child tax credit as part of her upcoming economic agenda.
Harris would uphold Biden’s promise not to increase taxes for anyone earning less than $400,000 per year. The campaign also laid out her plans to cut taxes for middle-class families.
The primary strategy involved reinstating the expanded child tax credit from the American Rescue Plan, which passed in 2021 with only Democrat support and expired that same year.
Harris’s campaign said she aims to revive the policy, potentially providing up to $3,600 per child in tax credits for many families.
Moreover, Harris would also advocate for up to $6,000 in tax relief for middle- and low-income families during the first year of their child’s life.
Beyond expanding the child tax credit, the campaign revealed that Harris proposed an enhanced earned income tax credit of up to $1,500 for individuals in lower-income jobs who do not have children.
Additionally, these tax policies would be key to Harris’s economic platform as she runs for president following Biden’s decision not to seek reelection.
This week, her campaign outlined additional elements of her plan, including a federal ban on price gouging and efforts to boost housing supply.
Furthermore, her campaign is expected to contrast her proposals with those of former President Donald Trump, who has promised to extend the tax cuts from his first term.
Trump has criticized Harris, claiming she is responsible for ongoing inflation and is campaigning on what he calls the largest tax increase in history.
Moreover, the campaign is also likely to use this policy to target Trump’s running mate, Senator JD Vance (R-OH), who has recently faced renewed scrutiny for his 2021 remarks about the country being run by “childless cat ladies.”
In turn, Vance has defended his comments, arguing that he was criticizing Democrats for being anti-family.
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