Vice President Kamala Harris on Friday unveiled an aggressively populist economic agenda, providing the most detailed vision yet of her governing priorities since becoming the Democratic Party’s presidential nominee.
She proposed child tax credit that would provide $6,000 per child to families for the first year of a baby’s life.
The last item followed a suggestion earlier this month from JD Vance, the GOP vice-presidential nominee, that the credit be raised from $2,000 per child to $5,000. Harris is also calling for restoring the Biden administration’s child tax credit that expired at the end of 2021, which raised the benefit for most families from $2,000 per child to $3,000.
Marc Goldwein, senior vice president of the Committee for a Responsible Federal Budget, said restoring the original Biden tax credit — which provided $3,000 for most children — would cost roughly $1.1 trillion over 10 years, relative to current policy. Harris’s call for an additional $6,000 credit for newborns would probably cost an additional $100 billion over a decade, Goldwein said.
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