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6 Kamala Harris Tax Reforms We Avoided by Choosing Trump

July 26, 2024 · Personal Finance
taxes withdrawal
Photo by adriaticfoto from Shutterstock

Middle-class tax credit

Kamala spoke a lot about the LIFT Act on the Biden campaign trail. This bill, which she introduced in the US Senate, gave tax credits of up to $6,000 yearly to families earning under $100,000 annually.

The best part about this Kamala Harris tax reform is that the credit could be paid in advance, up to $500 monthly for families or $250 monthly for singles.

Harris claimed that by allowing an advance credit each month, families would have had an alternative to taking out “payday loans.” She argued that the average payday loan amount is $350, with interest rates as high as 780% annually.

Making more money available would’ve also help families plan their budget around other goals. Or at least that’s what she claimed.

This legislation also requires the IRS to create a grant program to support community-based tax return preparation programs that help low-income taxpayers and members of underserved populations.

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117 comments on “6 Kamala Harris Tax Reforms We Avoided by Choosing Trump”

  1. james says:
    October 1, 2024 at 4:45 pm

    Where can I get som of this fertilizer for my lawn? Perfect for the fall growing season.

    Reply
  2. Drew says:
    September 30, 2024 at 10:52 pm

    If ur truly believe this from the Commie two faced liar then u are as dumb as she is. She going to raise taxes on everyone including Corporations which in turn will pass along higher prices to consumers. They not going to lose money. She also tax the hell out of ur 401k u been saving for years to retire. Oh and her 25k to buy a first or a house program she suggests will not apply to 90% of Americans w that little loophole fine print unless u are an illegal. U will get it
    Vote Trump & send this craphile back to wherever

    Reply
  3. Stephen says:
    September 5, 2024 at 5:33 pm

    Simple flat income tax rate across the board takes all the loop holes and “make taxes fair” which should be the only position anyone should take. Does kamala disavow her father’s Marxist beliefs,unlikely. America is not and should never become a Marxist nation. Want to see unfair look at Marxist and communist countries at the lower income levels. There is no true middleclass in socualist communist or Marxist countries and kamala beliefs will do nothing but bankrupt the country. Why are people so happy thinking about going after the large companies and corporations being taxed more than everyone. And this offshore residents tax is a learned behavior this woman learned in California they are coming after residents that left California for more taxes because we moved. Everyone has an opinion and this is mine just being black doesn’t qualify you to be president anymore than being a girl does. TRUMP 2024

    Reply
  4. Barb says:
    September 3, 2024 at 11:56 am

    Does anyone really think any of this is HER idea?

    Reply
  5. Jan. says:
    August 30, 2024 at 3:37 pm

    A gains tax would destroy home ownership. It would result in massive increase in homeless people. It would also destroy manufactiuing and then our economy. Note: federal tax was 10% for the lowest income under Obama administration but increased to 12% under Biden_Harris administration. So much for helping the lower income, middle class. Moreover, socialism has been tried and failed in every country (even Russia) . Harris’ plans will create chaos and destroy America.

    Reply
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