The Atlantic: on Tax Reform
Cory Booker:
Helped people claim earned-income tax credit
But then he talked about how to flex the earned-income tax credit, and the centers he set up in Newark when he was mayor to help poor people file their returns to claim it. He spoke about paid family leave, and how
American law should be at least as good as the policies in Afghanistan and the Democratic Republic of Congo.
Source: The Atlantic, "Under the Radar," on 2020 Democratic primary
Apr 4, 2019
Elizabeth Warren:
Making housing affordable by raising estate tax
Senator Elizabeth Warren introduced a bill tackling the issue head on, trying to lower the cost of homes in neighborhoods with greater economic opportunity. The legislation, titled the American Housing and Economic Mobility Act,
is perhaps the most far-reaching assault on housing segregation since the 1968 Fair Housing Act. It's ambitious, pouring half a trillion dollars over 10 years into affordable-housing programs, and funded by raising the estate tax to Bush-era levels.
Source: The Atlantic, "Housing Crisis," on 2020 Democratic primary
Sep 25, 2018
Kamala Harris:
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
Page last updated: Jul 21, 2024