When Joe Biden announced he was withdrawing from the 2024 US Presidential Election, the world was surprised. Kamala Harris, a candidate for the Democrats, took his position. So, what are her stimulus plans and who is she really?
Regarded as a centrist, Harris is anticipated to bring in more funding for US people if she becomes office in November, in contrast to Republican practice of typically slashing social programs.
Additionally, stimulus plays a significant role in providing millions of Americans with major support each year, enabling them to weather harsh winter months, unforeseen and unexpected setbacks, and the wait until their next pay day.
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.
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.
Read Also:Â Major Payment Update: Disability Beneficiaries Could See Up to $3,822 Next Week
What other stimulus does Harris use?
If Harris is successful in becoming the first female president in history, she plans to continue improving the lives of Americans beyond child tax credits by increasing housing.
In an attempt to address the housing issue in the United States, particularly in the big cities, she has called for the construction of three million additional housing units in just four years.
She hopes to do this through legislation that would free up $40 billion in funding and expand current Democratic programs.
Additionally, Harris plans to overturn the 2017 Tax Cuts and Jobs Act signed into law by President Trump and replace it with a $500 monthly refundable tax credit for everyone making less than $100,000 annually, which is about 85% of all households in the country.
