Vice President Kamala Harris has proposed an economic plan to revive child tax credits, offer homebuyer assistance, and hold corporations accountable, aiming to support low- and middle-income families amid rising costs.
Kamala Harris Unveils Plan to Reinstate Child Tax Credits and Address Inflation with New Economic Measures
According to The US Sun, Vice President Kamala Harris has introduced a new economic plan that could bring back the child tax credits from the pandemic, offering up to $3,600 per child and a $6,000 bonus for newborns. She announced this in Raleigh, North Carolina, as part of a larger plan to help low- and middle-income families. The proposal also includes expanding the earned income tax credit, giving $25,000 in down payment help for first-time homebuyers, and building 3 million new homes.
Harris highlighted the need to tackle the high cost of living, focusing on corporate actions that she believes have worsened inflation. While some experts disagree on how much price gouging affects inflation, Harris argued that some companies have taken advantage of tough times to make more money. Her plan aims to hold these companies accountable, creating what she calls an “opportunity economy” that supports working-class Americans.
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$3.6 Billion Economic Plan: Kamala Harris Proposes Reviving Child Tax Credits, Homebuyer Assistance, and Corporate Accountability (PHOTO: CNBC)
Harris’ Child Tax Credit Proposal Gains Bipartisan Support Amid Concerns Over National Debt
The proposal has gained attention from both sides of the political aisle, with some Republicans also supporting the child tax credit expansion. However, there are concerns about how the plan might increase the national debt. As Harris considers a run for president, her focus on helping struggling families and challenging corporate greed is meant to connect with voters feeling the pinch of rising costs.
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