As a presidential candidate, Ms. Harris suggested that instead of Mr. Trump’s 2017 tax cuts included a refundable tax credit of up to $500 for people making less than $100,000. The policy, known as the LIFT the Middle Class Act, was introduced in 2018 and aims to address the rising cost of living by providing middle and working class families with money to help pay for everyday expenses. He pitched it as a way to close the wealth gap in the United States.
In 2019, Mrs. Harris proposed raising property taxes on the wealthy to pay for a $300 billion plan to raise teacher pay. In what was called “the largest federal investment in teacher pay in US history,” the plan would have given the average teacher in America a $13,500 pay raise.
…Mrs. Harris wanted to raise the corporate tax rate from 21 percent to 35 percent, which is higher than the 28 percent Mr. Biden proposed them.
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Mrs. Harris made affordable housing a priority during his time in the Senate and his presidential campaign, but he took a different approach. He proposed the Rent Relief Act, which would provide refundable tax credits that would allow renters making less than $100,000 to reimburse housing costs of more than 30 percent of their income.
To help the poor, Mrs. Harris also called for emergency funding for the homeless and spending $100 billion on communities where people were unable to get mortgages because of discrimination.
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Mrs. Harris, who served as California’s attorney general from 2011 to 2017, also focused on consumer protection. In 2016, he threatened Uber with legal action if the company did not remove driverless cars from state roads.
After the 2008 financial crisis, he took California out of the big banking zone, using his power to wrest more money from big mortgage lenders. He later announced that California homeowners would receive $12 billion in loans under the deal.
Here is the full NYT piece by Alan Rappeport.
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