As the US Presidential election approaches, this article delves into Kamala Harris's economic program, known as 'Kamalanomics,' focusing on her tax policy aimed at supporting low- and middle-income households.
With the US presidential elections just a few weeks away, we take a look at the economic and social program of the Democratic candidate for the White House.
Harris wants to make the credit permanent, offering up to $3,600 per child and introducing a $6,000 credit for families with children under the age of one. Her program calls for the construction of 3 million new homes over the next four years, with tax incentives to encourage the building of affordable housing and homes for first-time buyers. She is also proposing the creation of a $40 billion innovation fund to stimulate new construction methods and convert underused federal land into affordable housing.
In Texas, for example, businesses are banned from ‘charging an exorbitant or excessive price’ for essential goods such as food and fuel during crises.Kamala Harris' healthcare policy focuses on reducing the cost of prescription drugs and easing the financial burden of medical care. One of her proposals is to extend the $35 monthly cap on insulin, as well as the $2,000 annual limit on out-of-pocket drug expenses, to include all Americans, not just those on Medicare.
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