In a surprising turn of events, Kamala Harris, who once vehemently opposed the Trump-backed tax cuts in 2017, now appears to be advocating for an expanded child tax credit.
This shift in stance is part of her new economic policy, which intriguingly includes proposals for price controls.
According to The Post Millennial, Harris, as a senator in 2017, voted against the tax cuts proposed by Donald Trump, which encompassed a significant increase in the child tax credit. She publicly denounced the tax plan, including the expanded child tax credit, as "shameful," and stated that it did "not reflect the best of who we are as a country." Her opposition to the tax plan was so strong that during her presidential campaign in 2019, she expressed a desire to "get rid of the whole thing," as reported by Bloomberg.
In a recent campaign event in Detroit, Harris declared her intention to repeal the tax bill that she claimed only benefited the top 1 percent and corporations. However, the repeal of the 2017 tax plan would have had far-reaching implications, affecting nearly every taxpayer with increased tax rates and slashing the child tax credit in half, reducing it to $1,000.
In a dramatic shift, Harris now supports the expansion of the child tax credit, proposing to raise the current $2,000 credit to $6,000. This comes after the Trump camp expressed their intention to expand the tax credit to $5,000. JD Vance, the GOP VP candidate, voiced his support for a $5,000 child tax credit on CBS's Face the Nation, stating that if he and Trump were elected, they would collaborate with Congress to ensure its passage, as per CNBC.
Shortly after Vance's endorsement of the proposal, Harris unveiled her plan to increase the child tax credit to $6,000. The Trump-Vance campaign responded swiftly, releasing a statement that read, "Yesterday, Kamala Harris unveiled her communist economic agenda, including Soviet price controls. Kamala is apparently now in favor of expanding the child tax credit but her record says otherwise." The statement further highlighted Harris's previous vows to repeal Trump's middle-class tax cuts, including the doubling of the Child Tax Credit.
This sudden change in Harris's stance raises questions about her commitment to her earlier positions and her credibility. It also underscores the importance of scrutinizing the records of political figures to ensure their actions align with their promises.
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