Kamala Harris Stimulus Payments: When Joe Biden announced he was stepping down from the 2024 U.S. Presidential Election, it came as a surprise. Kamala Harris, now running for the Democrats, has plans for stimulus programs that differ from the Republicans. Harris is seen as a centrist, and if elected, she’s expected to provide more funding to support U.S. citizens, unlike the Republican approach of cutting back on social programs.
Kamala Harris Stimulus Payments
Stimulus plans are important because they help millions of Americans, especially during tough times, unexpected crises, and while waiting for their next paycheck.
Harris understands the value of supporting families through her policies and conversations, therefore it is likely that she will attempt to increase the child tax credit programs in order to assist young, low-income parents and to support expectant parents.
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Her goal is to reintroduce the enlarged child tax credit from the 2021 American Rescue Act, a tried and established program that has proven successful. This is significant because it would set her apart from Donald Trump, who also supports higher child tax credits.
The 2021 American Rescue Act provided assistance to about 61 million children and reduced child poverty by nearly 30 percent, according to a study from Columbia University’s Center on Poverty & Social Policy.
What are Harris’ other forms of stimulus?
If Kamala Harris becomes the first female president, she plans to tackle housing issues in the U.S., especially in large cities. Her goal is to build three million new housing units in just four years. To achieve this, she proposes freeing up $40 billion in funding and expanding existing Democratic housing programs.
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In addition to housing, Harris aims to reverse the 2017 Tax Cuts and Jobs Act passed under President Trump. Instead, she would introduce a $500 monthly refundable tax credit for individuals earning less than $100,000 annually, benefiting about 85% of U.S. households.
