Kamala Harris proposes $6,000 child tax credit for newborns
- During a recent presidential debate, Vice President Kamala Harris highlighted her proposal to expand the child tax credit, aiming to provide $6,000 to parents of newborns.
- The proposed plan seeks to restore the expanded child tax credit from the 2021 American Rescue Act, which had a notable impact on reducing childhood poverty.
- Harris's initiative contrasts with Republican proposals, emphasizing a significant increase in financial support for families with young children.
During a recent presidential debate, Vice President Kamala Harris presented her economic policy aimed at expanding the child tax credit, specifically targeting families with newborns. She proposed a substantial increase to $6,000 for parents of children under one year old, a significant enhancement compared to previous levels. This proposal is part of her broader campaign platform, which emphasizes tax relief for middle-class families. The child tax credit has been a pivotal issue in American politics, particularly following the temporary expansion included in the 2021 American Rescue Act. This expansion allowed parents to claim up to $3,600 for children under six and $3,000 for older children, leading to a marked decrease in childhood poverty rates. However, after 2021, the credit reverted to its previous levels, with further reductions anticipated in 2025. Harris's plan not only seeks to restore these benefits but also aims to reinstate the earned income tax credit for filers without children. This approach reflects a growing consensus among Democrats on the importance of supporting families financially. In contrast, Republican candidates have proposed varying alternatives, with some suggesting a $5,000 credit per child. The differing proposals highlight the ongoing debate over the best methods to support families and address poverty in the United States.