Harris, on the other hand, calls for a direct allocation of middle class and working Americans – an approach , which sounds less political joy "But they are mirror images of each other," says Howard Gleckman, senior research fellow at the Center for Tax Policy, and Harris focuses on providing a large tax credit to people with low and moderate incomes.It focuses less on how it will pay for it.Warren is just the oppositeIt focuses primarily on the taxation of rich people and does not say much. much more about what it will do with the money. Harris, who will be participating in CNN's mayoralty on Monday night in Iowa, also supports rising taxes for the richest 1%, says Lili Adams, her Communications Director. The senator first introduced his idea of middle-class tax credit last fall after hearing people whose salaries do not match the cost of living in the country
Unlike the usual tax credit, however, the bill will allow taxpayers to earn income – up to $ 500 – – on a monthly basis. This would give families an alternative to borrow for payment, which usually comes with very high interest rates, as suggested.
However, the total cost would be expensive $ 3 trillion. For 10 years, he has discovered the impartial Center for Tax Policy.
Harris proposes to pay for it by repealing the provisions of the tax legislation of the 2017 PP, which is beneficial to make more than $ 100,000 and pay a fee to financial institutions. But experts say this is not enough to cover the costs.