Kamala Harris’s Trump-Size Tax Plan
Senator Kamala Harris, a California Democrat and potential 2020 presidential contender, has a Trump-size tax plan of her own.
Harris is offering a kind of fun-house-mirror inversion of the sweeping Republican tax initiative, one that would, instead of slashing rates on high-income households and corporations, push huge credits out to middle-income and poor families. 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.”
Her proposal joins a growing number of aggressive plans coming from Democrats concerned with economic stagnation, competing to win over younger and more progressive voters, and emboldened by the success of President Donald Trump. They differ in their mechanisms, costs, and effects, but all point to the same Robin Hood goal: not just raising taxes on the
