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What will be the outcome of Kamala Harris's proposal to repeal the 2017 Tax Cuts and Jobs Act by December 31, 2024?
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Story
Kamala Harris Proposes Repeal of Trump's Tax Cuts, Plans Trillions More in Taxes
Aug 17, 2024, 02:43 PM
Kamala Harris has proposed a significant overhaul of the current tax system, which includes repealing President Trump's 2017 Tax Cuts and Jobs Act. This act is noted for having doubled the child tax credit and providing tax cuts to 85% of middle-class Americans. Harris has expressed intentions to eliminate these tax cuts and implement a substantial tax increase, reportedly in the range of 70-80%, along with a new wealth confiscation tax. She plans to raise taxes by trillions more. Despite her previous opposition to the 2017 tax cuts, Harris now advocates for expanding the child tax credit, a position that has drawn criticism and accusations of inconsistency.
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