Vice President Kamala Harris’ new plan aims to provide tax relief for middle-class families, expand the Child Tax Credit, and lower health insurance costs to make life more affordable.
Kamala Harris’ New Plan Expands Child Tax Credit and Offers Big Savings on Health Insurance for Middle-Class Families
According to Baller Alert, Vice President Kamala Harris has announced a new plan to help middle-class families with their money problems. Her plan includes expanding the Child Tax Credit, which could help over 100 million Americans. She wants to bring back the $3,600 per child tax credit and add a new $6,000 tax credit for families with newborns in their first year. This extra money will help parents pay for important things like diapers, cribs, and car seats.
Harris’s plan also includes support for low-income workers without children by expanding the Earned Income Tax Credit, potentially boosting their annual income by up to $1,500. Additionally, she’s aiming to reduce health insurance costs by cutting taxes for those who purchase insurance through the Affordable Care Act Marketplace, which could lead to average savings of $700 on insurance premiums each year.
READ ALSO: 6,000 per Child: Kamala Harris Proposes Historic Expansion of Child Tax Credit – Outpacing Republican Rival’s $5,000 Plan
$3,600 to $6,000 in Tax Credits: Kamala Harris’ Plan to Ease Middle-Class Strains with $1.5 Billion in Annual Benefits (PHOTO: Los Angeles Times)
Kamala Harris’ Tax Plan Prioritizes Middle-Class Families Over Trump’s Wealth-Focused Tax Breaks
Harris’ plan is very different from former President Donald Trump‘s tax policies. While Trump is criticized for wanting to give big tax breaks to the wealthy, Harris is focused on protecting families that earn less than $400,000 from new tax increases. Her plan shows her commitment to making life more affordable for middle-class Americans and supporting families with children.
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