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VP Kamala Harris Speaks To Teachers - 25 Jul 2024

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Even before her candidacy, Harris supported tax relief for middle-income earners.

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Her opponent, former President Donald Trump, has argued that he was the first to present the idea.

Earnings gained from tips, however, would still be subject to payroll taxes.

The tax credit would give parents up to $3,600 for children.

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If passed, this can help to lift children out of poverty.

The idea, however, is likely to meet opposition in Congress.

Throughout her campaign, Harris has pledged to continue reducing the cost of prescription drugs.

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The corporate tax rate currently sits at 21%, set by the 2017 Tax Cuts and Jobs Act.

The increase in the corporate tax rate could help ensure that Harris other proposals see the light of day.

The presidential candidate has proposed providing $25,000 in down-payment support for first-time homebuyers.

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The down-payment support could help qualifying first-time buyers break into a notoriously difficult housing market.

Her plan would also give these buyers a $10,000 tax credit.

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