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jeffw@lemmy.worldM to News@lemmy.world · 1 year ago

The 2025 tax war starts early as Harris and Trump vie over child credit

www.semafor.com

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The 2025 tax war starts early as Harris and Trump vie over child credit

www.semafor.com

jeffw@lemmy.worldM to News@lemmy.world · 1 year ago
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The 2025 tax war starts early as Harris and Trump vie over child credit | Semafor
www.semafor.com
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What price gouging plan? Both candidates are focused on tax benefits for parents, as the Trump camp eyes JD Vance’s proposed expansion.
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  • TransplantedSconie@lemm.ee
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    2 months ago

    deleted by creator

  • JovialSodium@lemmy.sdf.org
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    1 year ago

    According to the plan linked in the article https://mailchi.mp/press.kamalaharris.com/vice-president-harris-lays-out-agenda-to-lower-costs-for-american-families this tax credit would be for low and middle class families. Which I agree with and like. Help those that need it.

    Edit: copy/pasta of the relevant bit: “Vice President Harris is proposing a new plan to get tax relief to more than 100 million Americans. Her plan will expand the Child Tax Credit to provide a $6,000 tax cut to families with newborn children. Unlike Trump and Vance, Vice President Harris is committed to ensuring no one earning less than $400,000 a year will pay more in new taxes.”

  • Flying Squid@lemmy.world
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    1 year ago

    Harris’ ‘no tax on tips’ plan is specifically about service workers.

    Trump’s ‘no taxes on tips’ plan is based on Ted Cruz’s plan which defines “tip” so loosely it can apply to hedge fund managers.

    https://www.americanprogress.org/article/sen-ted-cruzs-no-tax-on-tips-act-does-little-for-low-and-moderate-wage-workers-but-opens-door-to-tax-abuse-by-wealthy/

    Harris’ plan still gives no tax relief to the vast majority of workers, but there are so many really low-paid service workers that are expected to make up their very low, if not legally below minimum, wages in tips that I can’t really get too worked up about unfairness like that.

  • Media Bias Fact Checker@lemmy.worldB
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    1 year ago
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    https://www.semafor.com/article/08/16/2024/the-2025-tax-war-starts-early-as-harris-and-trump-vie-over-child-credit

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