Kamala Harris on Tax Reform
Democratic candidate for President (withdrawn); California Senator
Higher tax on wealthy to fund Medicare-for-All & teacher pay
The Harris version of Medicare for All would rest on much the same tax-the-rich moves the Sanders plan suggests. But she would limit her plan's premium fee to households making over $100,000 a year.
To fund a $315 billion plan to raise teacher salaries, she calls for strengthening the estate tax and cracking down on loopholes that let our wealthy avoid taxes on "estates worth multiple millions or billions."
Source: The Nation magazine on 2019 Democratic primary
, Nov 19, 2019
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
Tax break for people unable to pay unexpected expense
[Harris Supports] a tax cut for the middle class and working-class Americans who can't afford to pay for an unexpected expense. Families making less than $100,000 a year, would receive
$6,000 that they could access at up to $500 a month. She will pay for it by repealing Trump's tax cut that benefited the wealthy and corporations.
Source: Detroit Free Press on Democratic 2020 Veepstakes
, May 5, 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
- Expand Pro-Work Tax Credits: Together the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) help keep millions of families from falling into poverty and enable many parents to afford childcare, which allows them to work
and provide for their families. Kamala supports expanding these credits and the American Opportunity Tax Credit, which helps pay for college.
Research & Development Tax Credit: In 2014, Congress let the Research and Development Tax Credits expire, a key tool that helps spur innovation in the private sector. But despite bipartisan support, for months Washington failed to extend it.
Kamala supports expanding the research and development tax credit and rewarding businesses that invest in science and technology research.
Other candidates on Tax Reform:
Kamala Harris on other issues:
Kevin de Leon
Tom Del Beccaro
Senate races 2019-20:
Senate Votes (analysis)
Page last updated: Jul 14, 2020