Harris calls for expanded child tax credit of up to $6,000 for families with newborns – CNBC
US Vice President Kamala Harris speaks at an event with US President Joe Biden (not pictured) in Prince George’s County, Maryland, USA, on August 15, 2024. Elisabeth Franz | Reuters Vice President Kamala Harris unveiled an economic plan Friday that includes an expanded child tax credit that would provide a total tax cut of up […]
Rep. Elissa Slotkin Receives Farm Tax Credit on Property Where No Farming Takes Place
Rep. Elissa Slotkin (D-Mich.) receives an agricultural tax exemption for land she claims as her home, even though no agricultural activity takes place there. The Democratic congresswoman and Michigan Senate candidate saves about $2,700 a year through the arrangement. New York Post Reported. Although the land is designated as “agricultural improvement land,” public records requests […]
More than 1 million North Carolinians eligible to use new free online tax filing system – WRAL News
On Friday, the U.S. Treasury Department and the Internal Revenue Service (IRS) announced that North Carolina will become the latest state to participate in IRS Direct File for the 2025 filing season. Across 12 states, 140,000 taxpayers used new free online filing tools to claim more than $90 million in refunds and save an estimated […]
Michigan Dem running for Senate enjoys full property tax exemption on ‘agricultural improvement’ land with no agriculture
A Michigan Democratic congresswoman who doesn’t own a farm or agricultural license is saving thousands of dollars in taxes each year thanks to an agricultural exemption on her property, an exclusive report has revealed. New York Post reveal. Rep. Elissa Slotkin (D-Mich.), a three-term congresswoman running for the U.S. Senate seat to replace retiring Democratic […]
US elections live: Harris to unveil plans to expand child tax credit to fight poverty and help first-time homebuyers | US elections 2024
Harris to propose tackling child poverty, helping first-time homebuyers in major policy speech Good morning to all readers of the US Politics Blog. Kamala Harris He is due to deliver a key economic speech today in the battleground state of North Carolina, where he will seek to underline his lead in the polls. Donald TrumpAccording […]
Harris to propose expanded child tax credits as part of economic agenda
Harris’ campaign announced plans to restore and expand the child tax credit on Friday as part of an economic package that she will detail in a policy speech in North Carolina. Vice President Harris will stick with President Biden’s promise not to raise taxes on people making less than $400,000 a year, and on the […]
How to fix, not cut, the Social Security benefits tax
Donald Trump questions why the federal government should tax Social Security benefits. Strictly speaking, this is not a tax on benefits. We already Tax on additional income It is the income that a Social Security recipient earns while receiving their Social Security check. If Social Security is their only source of income, an individual does […]
Little-Known Project 2025 Policy Would Tax Benefits for More Than 15 Million Workers – Common Dreams
Project 2025, the right-wing policy blueprint led by the Heritage Foundation and co-authored by more than 100 former Trump administration staffers, has been criticized on several counts. Tax proposalsThat includes big cuts to corporate tax rates and capital gains taxes that would benefit wealthy Americans, but a research group warned Wednesday that one economic policy […]
Harris blindsided Democrats with 'no tax on tips' plan
Harris surprised Democratic lawmakers and progressive activists by supporting a proposal first proposed by former President Trump to make tips for service and hospitality workers tax-free. Democrats had previously criticized the idea as “bullshit” and a vote-gathering “ploy.” Harris’ support for the plan is seen as an effort to aggressively rally in Nevada, a key […]
JD Vance Proposes Pro-Family Agenda with Expanded $5K Child Tax Credit
Sen. J.D. Vance (R-Ohio), former President Donald Trump’s running mate, has proposed family-friendly policies like expanding the child tax credit and child care policies that would benefit stay-at-home mothers, fathers, and grandparents, not just those who send their children to daycare. During the period Interview Vance joined CBS News’ Margaret Brennan to outline what he’d […]