So the Tax cut from Trump is evil and is causing the deficit to go up?
What do you guys think of Kamela Harris' plan?
Kamala Harris proposes big new middle-class tax break
Sen. Kamala Harris, a potential 2020 Democratic presidential candidate, today proposed a big new tax break for average Americans.
The California Democrat wants to create a new $6,000 tax credit for families earning up to $100,000. The break would be “refundable,” which means people could claim it even if it exceeded their tax liabilities, by receiving a check from the government for the difference.
She wants to allow recipients to claim it throughout the year, up to $500 per month, rather than having to wait to get a lump sum after they file their taxes.
https://www.politico.com/story/2018/...x-break-913131
To me this is pretty much the same thing as a tax cut, with the exception that you can claim more than you actually paid in, meaning a negative tax burden and negative income to the Treasury.
But I bet liberals are all for this plan and don't think it will drive up the deficit.
What do you guys think of Kamela Harris' plan?
Kamala Harris proposes big new middle-class tax break
Sen. Kamala Harris, a potential 2020 Democratic presidential candidate, today proposed a big new tax break for average Americans.
The California Democrat wants to create a new $6,000 tax credit for families earning up to $100,000. The break would be “refundable,” which means people could claim it even if it exceeded their tax liabilities, by receiving a check from the government for the difference.
She wants to allow recipients to claim it throughout the year, up to $500 per month, rather than having to wait to get a lump sum after they file their taxes.
https://www.politico.com/story/2018/...x-break-913131
To me this is pretty much the same thing as a tax cut, with the exception that you can claim more than you actually paid in, meaning a negative tax burden and negative income to the Treasury.
But I bet liberals are all for this plan and don't think it will drive up the deficit.
Comment