Kamala Harris policy positions:
Building up the middle class will be a defining goal of my presidency,” Vice President Kamala Harris said at a political event in Atlanta on Tuesday evening.
“When our middle class is strong, America is strong,” the de facto Democratic presidential nominee said to the crowd of more than 10,000 supporters.
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And to keep our middle class strong, families need relief from the high cost of living so that they have a chance, not to just to get by, but to get ahead,” she added.
Here’s a look at how Harris may make that happen, based on the policies she advocated for during her first presidential bid in 2020 and as a senator.
One of Harris’ signature proposals as senator — the LIFT the Middle Class Act, or Livable Incomes for Families Today — would have provided an annual tax credit of up to $3,000 per person (or $6,000 per couple) for lower- and middle-income workers, on top of the benefits they already receive.
The size of the credit would have amounted to “significant tax relief,” according to the Committee for a Responsible Federal Budget.
For renters
A present-day version of
the LIFT Act may benefit renters the most, as many are part of the income category the tax credit is targeting, according to Francesco D’Ac*nto, an associate professor of finance at Georgetown University.
D’Ac*nto and other experts suggest
the LIFT Act might even be a better aid than the 5% rent cap proposal Biden unveiled on July 16. That proposal calls on Congress to cap rent increases from landlords with 50 existing units or more at 5% or risk losing federal tax breaks.
Harris also supported the idea of rent caps at the campaign rally in Atlanta: “We will take on corporate landlords and cap unfair rent increases.”
Child tax credit
"Whereas the last administration gave tax cuts to billionaires, we gave tax cuts to families through the child tax credit, which cut child poverty in America by half,” Harris said
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