To help low- and middle-income families deal with rising costs, Vice President Kamala Harris has suggested an economic plan that would bring back child tax credits, help people buy homes, and hold corporations accountable.
Kamala Harris Unveils Plan to Reinstate Child Tax Credits and Address Inflation with New Economic Measures
The US Sun says that Vice President Kamala Harris has put forward a new economic plan that could bring back the child tax credits that were in place during the pandemic. These credits would give up to $3,600 to each child and a bonus of $6,000 to babies. As part of a bigger plan to help low- and middle-income families, she said this in Raleigh, North Carolina. There are also plans to build 3 million new homes, give first-time owners $25,000 to help with their down payment, and increase the earned income tax credit.
Harris talked about how important it is to deal with the high cost of living, focusing on what she sees as bad business practices that have made inflation worse. Some experts disagree on how much price gouging affects inflation. Harris, on the other hand, said that some businesses have used bad times to make more money. Her idea is to make these companies responsible, which she calls a “opportunity economy,” which helps Americans from working-class families.
Harris’ Child Tax Credit Proposal Gains Bipartisan Support Amid Concerns Over National Debt
Both Democrats and Republicans are interested in the idea, and some Republicans even support expanding the child tax credit. But some people are worried that the plan will make the national debt bigger. Harris is thinking about running for president. She wants to connect with voters who are feeling the pinch of rising prices by focusing on helping families who are suffering and fighting corporate greed.