Kamala Harris Unveils Robust Economic Proposals to Boost Middle-Class and Small Businesses

U.S. Vice President Kamala Harris has introduced a series of economic measures to lower living costs for middle and lower-class Americans. The plans include tax hikes on the wealthy, corporate tax adjustments, child tax credits, affordable housing initiatives, small business tax credits, and measures to curb childcare and grocery costs.


Devdiscourse News Desk | Updated: 25-09-2024 20:35 IST | Created: 25-09-2024 20:35 IST
Kamala Harris Unveils Robust Economic Proposals to Boost Middle-Class and Small Businesses
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U.S. Vice President Kamala Harris has announced a comprehensive set of economic plans designed to alleviate living costs for middle and lower-class Americans. The proposals aim to boost the overall economy through various tax incentives and adjustments.

Key elements of Harris's plan include a tax hike on wealthy households, raising the corporate tax rate, and restoring an increased Child Tax Credit. Additionally, she put forth initiatives for affordable housing, small business support, childcare cost reduction, and a federal ban on grocery price gouging.

These proposals build on but also expand President Joe Biden's existing economic agenda, marking a significant step toward economic reform in the United States.

(With inputs from agencies.)

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