Good things are happening! Harris’s first policy proposals aim to help the working class, Democrats’ big clean-energy act delivers, Biden says “I do” to immigration reform, and the plastics industry stops recycling lies.
Progressive Policy For The Working Class
Kamala Harris announced a slate of progressive economic policy proposals before and during the Democratic National Committee. Many of these proposals are continuations of temporary measures enacted by Democrats during the first two years of Biden’s term, when the party controlled Congress.
For instance, Harris called for permanently expanding the Child Tax Credit to $3,600, which the American Rescue Plan established for one year in 2021, versus the current limit of $2,000. That pandemic-era Child Tax Credit expansion temporarily lifted almost 3 million children out of poverty, reducing the child poverty rate by 35 percent.
To help pay for these efforts, Harris proposed $5 trillion in tax increases on corporations and high-income Americans, including raising the corporate tax rate from 21 percent to 28 percent. During the convention, Harris also called for a middle-class tax cut, without specifying details.
