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.
KEY POINTS
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- 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.
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