Kamala Harris has announced a bill that would give Americans making less than $50,000 a year $250 a month.
American families making less than $100,000 a year could be eligible for a monthly tax credit of up to $500, or $6,000 a year, under new legislation announced Thursday by Democratic U.S. Sen. Kamala Harris of California.
Individuals making less than $50,000 would be eligible for up to $250 a month, $3,000 a year.
â€œAmericans are working harder than ever but stagnant wages mean they canâ€™t keep up with cost of living increases,â€ Harris, aÂ likely presidential candidate in 2020, said in a statement.
Harrisâ€™ office cited a 2017 surveyÂ from the website Bankrate.comÂ that found more than half of Americans cannot afford a $500 unexpected expense, such as a rent increase, medical bill or child care.
Now, I am all for Tax Cuts and people keeping more of their money but this should be done by lowering taxes not just giving money to people. In my view, many of these Tax Credits programs lead to people gaming the system. It’s pretty simple, continue to lower taxes on all levels and in turn, you will help all people regardless of how much they make.