Reported about 2 months ago
Kamala Harris has outlined new economic plans including a cost of living initiative, tax exemptions, and a corporate tax hike aimed at addressing the national debt exceeding $35 trillion. Her proposals have prompted mixed reactions, particularly regarding their potential impact on fiscal deficits. While raising the corporate tax rate could generate around $1 trillion over the next decade, the overall financial implications of her plans, including an increase in the child tax credit and a new homebuyer credit, could lead to a deficit of $1.7 trillion. As Harris develops her economic policies, she faces the challenge of balancing ambitious programs with fiscal responsibility amid a complicated political landscape.
Source: YAHOO