- Jun 25, 2018
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Tax cut for the middle class: (any disagreement with this?)
Vice President Harris and Governor Walz believe that working families deserve a break. That’s why under their plan more than 100 million working and middle-class Americans will get a tax cut. They will do this by restoring two tax cuts designed to help middle class and working Americans: the Child Tax Credit and the Earned Income Tax Credit. Through these two programs, millions of Americans get to keep more of their hard-earned income. They will also expand the Child Tax Credit to provide a $6,000 tax cut to families with newborn children. They believe no child in America should live in poverty, and these actions would have a historic impact.
Here's where I'm confused because Harris was not behind renewing Trump's 2018(?) tax cuts for the middle class, which has to be renewed or taxes go up on the middle class.
So, is she waiting for Trump's cuts to expire so she can say she lowered taxes when the reality will be much different? If she did that she can claim a tax "cut" on the middle class even though they would be paying more in taxes honestly...
What are the actual rates for middle class that she's proposing? I haven't seen her rates yet on that...
And - how does that track with jobs that her upper end tax hikes will cause Americans to loose.
She is proposing upper tier businesses investment rates go up a total of 10% from what they are right now. That is what drives businesses to invest in manufacturing overseas, not in America. It's not at all a competitive tax rate on the world stage if you want businesses to invest in America.
In the end, so far it's probably the least problematic program she has, but not even that is without it's flaws, fairly serious ones after I spend any time with it I'm sure.
But of course, just now seeing this so I will be researching all her speeches and going through it all for a few days.
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