Kamala Harris on Tax Reform

Democratic candidate for President; California Senator


Tax credits for middle class & working families

There is no question that, over many decades, the rules have been written in a way that have been to the exclusion of lifting up the middle class and working families in America. That's why I'm proposing that one of the things that we do to address that is that we reform the tax code in a way that we'll give middle-class working families that are making less than $100,000 a year a $6,000 tax credit that they can receive it up to $500 a month.
Source: CNN SOTU 2019 interview of presidential hopefuls , May 12, 2019

Tax relief for middle class; repeal 2017 tax cuts

She introduced the LIFT the Middle Class Act which, Vox's Dylan Matthews explains, was basically an expansion of the earned income tax credit. Earlier, she proposed the Rent Relief Act, which would offer tax credits to help with rents. She said she would fully repeal the 2017 Republican tax law and replace it with LIFT.
Source: Axios.com "What you need to know about 2020" , May 7, 2019

Monthly tax credit would provide base income

Harris did introduce legislation to provide "middle class and working families with a tax credit of up to $6,000 a year--or up to $500 a month--to address the rising cost of living." It could fix one of the biggest drawbacks with the tax-credit system: It's distributed just once a year. "A monthly payment would be responsive to that because it would provide you a base income you can rely on," says a senior research associate at the Tax Policy Center.
Source: Mother Jones magazine on 2020 Democratic primary , Apr 23, 2019

LIFT Act: $500 monthly tax credit for eligible middle class

57 percent of Americans don't have enough cash to cover a $500 unexpected expense. That's one of the reasons I've introduced the LIFT the Middle Class Tax Act in the U.S. Senate, a bill that creates a major new middle-class tax credit that would provide eligible families up to $6,000 a year--the equivalent of $500 a month. Families would be able to receive the credit as a monthly stipend, rather than wait for a refund the following year. It's a different kind of safety net, one that prevents hardworking people from falling out of the middle class, or gives them a fair shot at attaining it for their families. This is the kind of tax relief we can provide when we stop giving endless tax cuts to corporations and the wealthy.
Source: The Truths We Hold, by Kamala Harris, p.219 , Jan 8, 2019

Payments to needy, not tax breaks for the rich

The Lift the Middle Class Act would provide monthly cash payments of up to $500 to lower-income families, on top of the tax credits and public benefits they already receive. "Last year, Congress gave a trillion dollars in tax breaks to corporations," Harris told me. "That money should have gone to American taxpayers who need it instead of handing it over to corporations and the top 1 percent."

Harris is offering as much as $3,000 a year for a single person or $6,000 a year for a married couple, on top of existing tax and transfer programs, disbursed either as a lump-sum tax refund or as a monthly payment. Working families making less than $100,000 a year would qualify, including those making close to nothing. As many as 80 million Americans would benefit, Harris's office has estimated, with the Center on Budget and Policy Priorities calculating that the proposal would lift 9 million people out of poverty, including nearly 3 million kids.

Source: The Atlantic, "Tax Plan," on 2020 presidential hopefuls , Oct 18, 2018

Expand EITC, Child Tax Credit, and R&D Tax Credit

Source: 2016 California Senate campaign website, KamalaHarris.org , Aug 31, 2016

Other candidates on Tax Reform: Kamala Harris on other issues:
2020 Presidential Democratic Primary Candidates:
Sen.Michael Bennet (D-CO)
V.P.Joe Biden (D-DE)
Mayor Mike Bloomberg (I-NYC)
Gov.Steve Bullock (D-MT)
Mayor Pete Buttigieg (D-IN)
Sen.Cory Booker (D-NJ)
Secy.Julian Castro (D-TX)
Rep.John Delaney (D-MD)
Rep.Tulsi Gabbard (D-HI)
Sen.Amy Klobuchar (D-MN)
Mayor Wayne Messam (D-FL)
Gov.Deval Patrick (D-MA)
Sen.Bernie Sanders (I-VT)
CEO Tom Steyer (D-CA)
Sen.Elizabeth Warren (D-MA)
Marianne Williamson (D-CA)
CEO Andrew Yang (D-NY)

2020 GOP and Independent Candidates:
Rep.Justin Amash (Libertarian-MI)
CEO Don Blankenship (C-WV)
Howie Hawkins (Green-NY)
Gov.Larry Hogan (R-MD)
Gov.John Kasich (R-OH)
V.P.Mike Pence (R-IN)
Gov.Mark Sanford (R-SC)
CEO Howard Schultz (I-WA)
Pres.Donald Trump (R-NY)
Gov.Jesse Ventura (I-MN)
V.C.Arvin Vohra (Libertarian-MD)
Rep.Joe Walsh (R-IL)
Gov.Bill Weld (L-NY,R-MA)
Civil Rights
Foreign Policy
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Homeland Security
Social Security
Tax Reform

External Links about Kamala Harris:

2020 Withdrawn Democratic Candidates:
State Rep.Stacey Abrams (D-GA)
Mayor Bill de Blasio (D-NYC)
Sen.Kirsten Gillibrand (D-NY)
Sen.Mike Gravel (D-AK)
Sen.Kamala Harris (D-CA)
Gov.John Hickenlooper (D-CO)
Gov.Jay Inslee (D-WA)
Rep.Seth Moulton (D-MA)
Rep.Beto O`Rourke (D-TX)
Rep.Tim Ryan (D-CA)
Adm.Joe Sestak (D-PA)
Rep.Eric Swalwell (D-CA)
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Page last updated: Dec 15, 2019