[[{“value”:”As a presidential candidate, Ms. Harris proposed replacing Mr. Trump’s 2017 tax cuts with a monthly refundable tax credit worth up to $500 for people earning less than $100,000. The policy, known as the LIFT the Middle Class Act, was unveiled in 2018 and aimed to address the rising cost of living by providing middle-class and working
The post Kamala Harris economic record appeared first on Marginal REVOLUTION.”}]]
As a presidential candidate, Ms. Harris proposed replacing Mr. Trump’s 2017 tax cuts with a monthly refundable tax credit worth up to $500 for people earning less than $100,000. The policy, known as the LIFT the Middle Class Act, was unveiled in 2018 and aimed to address the rising cost of living by providing middle-class and working families with money to help pay for everyday expenses. She framed it as a way to close the wealth gap in the United States.
In 2019, Ms. Harris proposed increasing estate taxes on the wealthy to pay for a $300 billion plan to raise teacher salaries. In what was billed as the “largest federal investment in teacher pay in U.S. history,” the plan would have given the average teacher in America a $13,500 pay increase.
…Ms. Harris wanted to raise the corporate tax rate from 21 percent to 35 percent, which is higher than the 28 percent that Mr. Biden had proposed.
And:
Ms. Harris made affordable housing a priority during her tenure in the Senate and her presidential campaign, but took a different approach. She proposed the Rent Relief Act, which would have provided refundable tax credits allowing renters who earn less than $100,000 to recoup housing costs in excess of 30 percent of their incomes.
To help the poorest, Ms. Harris also called for providing emergency relief funding for the homeless and for spending $100 billion in communities where people have traditionally been unable to get home loans because of discrimination.
And:
Ms. Harris, who served as California’s attorney general from 2011 to 2017, has also focused heavily on consumer protection. In 2016, she threatened Uber with legal action if the company did not remove driverless cars from the state’s roads.
After the 2008 financial crisis, she pulled California out of a national settlement with big banks, leveraging her power to wrest more money from major mortgage lenders. She later announced that California homeowners would receive $12 billion in mortgage relief under the settlement.
Here is the full NYT piece by Alan Rappeport.
The post Kamala Harris economic record appeared first on Marginal REVOLUTION.
Current Affairs, Political Science, Uncategorized
Leave a Reply