I’ve now seen it all…..
The Senator from California wants another Tax BREAK????
Are the Democrats and others complaining about the Republicans tax cut hurting the deficit?
I see where she’s going….
Let middle class voters get some of that money the rich and corporations have got from the Republicans….
But ANOTHER tax break does NOT make ANY economic sense for the countries bottom line….
And would increase the giant hole in how the government would have money to pay it’s bills….
Heck?….Maybe NO ONE will have to pay taxes and America can just keep borrowing MORE money from China?
This IS the problem with progressive Democrats like Sanders and now Harris…
How are they gonna pay for their off the wall idea’s???
(I’m a Democrat)
The California Democrat wants to create a new $6,000 tax credit for families earning up to $100,000. The break would be “refundable,” which means people could claim it even if it exceeded their tax liabilities, by receiving a check from the government for the difference.
She wants to allow recipients to claim it throughout the year, up to $500 per month, rather than having to wait to get a lump sum after they file their taxes.
Harris says it’s intended to help families cope with the cost of living, though it’s also surely designed to contrast with Republicans’ recent tax-code rewrite.
“We should put money back into the pockets of American families to address rising costs of childcare, housing, tuition and other expenses,” Harris said in a statement. “Our tax code should reflect our values and instead of more tax breaks for the top 1 percent and corporations, we should be lifting up millions of American families.”
The plan would be pricey, and it comes at a time when the government is already running a nearly $800 billion budget deficit.
Harris’s office said it doesn’t yet know exactly how much the plan would cost, but that Harris would finance it in part by repealing the parts of the Tax Cuts and Jobs Act that benefit people earning more than $100,000….
I sure could use the money, but?
What would Harris offer Trump and a Republican US Senate that they would vote to REPEAL their tax cuts for the rich and loss their jobs?