Connect with us

Money

KAMALA HARRIS AND JD VANCE CALLS FOR EXPANDED CHILD TAX CREDIT FOR FAMILIES WITH NEWBORNS

Vice President Kamala Harris on Friday unveiled an economic plan, including an expanded child tax credit worth up to $6,000 in total tax relief for families with newborn children.

Advertisement

KEY POINTS 

  • Vice President Kamala Harris outlined her plan to create an “opportunity economy” by focusing on lowering the costs of food, housing, health care and childcare.
  • Her plan includes a federal ban on price gouging on groceries, a new $6,000 child tax credit for families with newborns and a $25,000 boost for first-time home buyers.
  • Harris framed her plan in stark contrast to the proposals put forward by her Republican rival, former President Donald Trump.

Sen. JD Vance, the Republican vice-presidential nominee, says he wants to boost the Child Tax Credit to $5,000 per child from its current $2,000 — an effort that could add trillions in federal spending, according to policy experts. 

Advertisement

Start your Tax Preparation now with Heard & Associates

Advertisement

Written By

Click to comment

Leave a Reply

MORE

Connect

Discover more from

Subscribe now to keep reading and get access to the full archive.

Continue reading