Harris calls for repealing Trump Tax Plan, and instead giving families a $6,000 tax credit

[BigGermanGuy]

Source: CNBC

•With midterm elections 2½ weeks away and the 2020 presidential race around the corner, prominent Democrats are embracing an ambitious idea: Repeal and replace the $1.5 trillion Republican tax plan.
•The proposals would get rid of the tax cuts and, in turn, funnel that money into government-guaranteed cash for low- and middle-income households.
•Possible White House contender Sen. Kamala Harris announced a plan this week that would give working families up to $6,000 each year, with the option of receiving monthly payments.


Read more: https://www.cnbc.com/2018/10/19/kamala-harris-democrats-push-to-repeal-and-replace-trump-tax-cuts.html

[bucolic_frolic]

1. Boldness has power and magic in it!

This is the time for Democrats to throttle up and let 'er rip! If we can put a surge on top of the momentum we have, the sky's the limit!

[OMGWTF]

20. I love that quote from Goethe's "Faust"

"Whatever you can do or dream you can do, begin it; boldness has genius, power, and magic in it."

[mopinko]

29. i love that.

a little long for a tattoo, but i could still see it.

[susanna]

57. Thank you so much for reminding me of this quote...

I have always loved it, too.

[bearsfootball516]

2. She'd get my vote with that.

Truly progressive ideas.

[BigGermanGuy]

3. this would essentially

double the EITC for families under 100k, but give the ability to get that money monthly, ending payday loans.

[BigmanPigman]

58. The local news in San Diego read feedback from residents.

All 3 didn't like it. One person said, "What, I don't get any money if I make $50,001?" Another complained, "Why don't they just deduct it from your yearly taxes in one big sum or in a refund?". The third complaint was bitching about it not being divided fairly among various wage groups. No one is ever happy, I bet the people were GOPers...it sounds that way to me.

[7962]

4. The headline in the OP is not the actual headline.

This is the headline at the link:
"Kamala Harris and other prominent Democrats want to repeal Trump's tax cuts and replace them with cash payouts for the poor and working class"

Possibly they changed it after you posted?

[KayF]

7. that's too long to post

the abbreviated one in the OP looks equivalent to me

[7962]

9. But nowhere in the headline do they mention a "tax credit"

And the rules here are what they are.

[msongs]

14. one might think that after reading LBN guidelines but I couldnt possible comment nt

[BumRushDaShow]

36. What I have done with too-long headlines

was to put as much as I could that would make it an acceptable/readable "headline" phrase and then add a line in the OP comment section that lists the full headline.

So in this case, I would have made the headline this -

Kamala Harris and other prominent Democrats want to repeal Trump's tax cuts

And then in the comments would put something like this (which includes what comes after the above portion) -

Full title: Kamala Harris and other prominent Democrats want to repeal Trump's tax cuts and replace them with cash payouts for the poor and working class

[bearsfootball516]

10. You're right, but it's still the same idea.

Repeal the tax cut that does basically nothing for the low and middle class, and use the money that would have been the tax cut for the top 1 percent and distribute it to those low and middle class families that desperately need it.

John and Jane Doe who make a combined $45,000 and have a child need that $6,000 a lot more than James Smith who makes 15 million a year needs an extra $500,000 to play with.

[BigGermanGuy]

53. New here

Honestly had no idea i should match titles

[MontanaMama]

5. This is more like it!

Dems showing voters what we're FOR. What we can do with and for them. Yell it from the roof tops that the GROPER party plans to pay for their billionaire tax cuts with our social security and medicare. Stop running on what a shit head tRump is and start running on how electing Democrats can change lives for the better. I'm calling Senator Harris' office to thank her. More of this please.

[LiberalLovinLug]

6. Repeal and Replace. Yes....they need bold simple ideas like this, with easy catchy slogans

And stealing a GOP catchphrase.....priceless.

Now would it be better in the long run to steer that money towards SS or starting up a "medicare-for-all" plan? Or even using it for education, or infrastructure spending? Probably, but those are either long term projects, or eye-glazers. THAT'S NOT WHAT WINS ELECTIONS.

[7962]

8. Seems like removing the income cap on SS would be a winner.

I would bet most people don't even know that its capped at such a low amount; 128k

[SWBTATTReg]

26. I know, and it's an easy solution to ongoing SS issues of funding for the future...nt

[erronis]

40. The upper-middle (128k) would find ways to get paid outside of taxed payrolls.

Maybe their corporate bosses/CEOs could show them how to move money around without the scrutiny of those nasty tax people. The tax people that keep the US and state gov't's afloat and that the repugs are trying to strangle.

[elmac]

11. something like this would supercharge the economy

instead of the fake bankster bubble we are in now.

[ooky]

51. Yup. Trickle up.

[Bfd]

12. The LIFT ACT

As the Atlantic’s Annie Lowrey explains, the bill would offer a sizable cash payment to most middle-class households.
Single people would get $250 per month or $3,000 a year, married couples would get $500 per month or $6,000 a year, and it would phase out for singles without kids making $50,000 or more, and for married couples or single people with kids making $100,000 or more.
It costs about $200 billion in the first year or $2 trillion over 10, roughly in the range of the price tag for the 2017 tax cuts.

Snip
"..think of Harris’s plan as a particularly massive expansion of the earned income tax credit, so that the solidly middle-class benefit too, not just the working poor. And instead of loading up benefits at tax time, people could get them as a monthly check in the mail."

Snip
It’s a big expansion of the safety net. The Center on Budget and Policy Priorities estimates that it would lift 9 million people out of poverty.
And, not for nothing, but it’s arguably the closest thing that any 2020 contender has proposed to a universal basic income, an idea that is exactly what it sounds like: a guaranteed cash benefit to every American. Harris’s office claims 80 million total Americans would benefit in some way. That’s not everyone, as under a true UBI, but it’s a big step.

And it’s a good step, I think.

The US spends a lot less on anti-poverty programs than most rich countries, and the LIFT Act would substantially remedy that.
If I were a senator and there were a vote on it, I’d vote yes.

There are some but..but..what abouts to be addressed, however this is the most generous & fairest policy shift this country has seen in a long time & it comes at exactly a time when American citizens/taxpayers are holding on to a fraying tether.

It must change.
It is American Democracy as intended.
Of, by, & for the people

Congrats to the foward thinking & brilliant Senator(s) who put much time & thought into developing this promising policy.

Move it forward, ignore the naysayers. This is for America

[Wellstone ruled]

15. Now,that is a plan!

Old time Democratic Policy. She just blew Mitch McConnell out of the water. Talk about perfect timing,and the Media goes nuts. Socialism! no stupid,it is making up for all the years of Austerity and Horseshit Tax policies that only benefit the 1%.

[erronis]

41. Bbbbbut - what about all those trickle-down dollars that are just waiting to flow to the poor people

We really can't take away those generous tax breaks for the billionaires since they are just now planning on how to piss their riches on the lesser proles. We're still waiting for those piss-poor golden flows from prior repuglicon governance.

[Wellstone ruled]

45. Do remember some Policy issues

brought before the Senate back in the late sixties and again early seventies. Senators Humphrey,Harkin,Burdick and Kennedy all proposed this similiar type of Legislation. To this day,still remember the howl from all the Dixiecrate's and Rethugs,it was about as Racist as it comes.

Austerity and Reaganomics are interchangeable,either one produces massive Class disparity and massive poverty. Btw,Canada proposed a similiar type of program for one of it's Providences due to Social Economic disparities which developed in that Providence.

[erronis]

46. Didn't some Baltic state (Estonia? or Nordic) just enact this with success?

A minimal living income for individuals and families. No dole, no food stamps, no bureaucracy.

[Wellstone ruled]

47. Sweden was issuing checks to those effected by

Robotics as a way to staving off the possibility of creating a permanent under class of unretrainable workers. Do recall our Rethugs suddenly ran anti Socialist Ads Nation wide in that same time frame. Estonia was working on sustainable living wage much like the Canadian proposed model.

This is not new thinking,it has been around for decades, La Folliet the one time Governor of Wisconsin proposed this in the Forties as a way to balance the disparities between the Northern Counties verses the Southern more prosperous Counties. BTW,this Governor was responsible for Wisconsin to have the first Standardized Public Education System,Hot lunch programs in all Schools,All childhood Vaccinations done each Fall for those entering the Schools for the first time. And Wisconsin School System usually place in the top three or four every year,until the Rethugs gained control of the State Legislature.

[erronis]

48. Thanks. And Wisconsin used to be a model for education and intelligent thinking. Used to be.

I was at the University of Kansas in the 60s/70s and always thought Madison was the pinnacle of learning. Guess that went against the oligarch's interests - having smart citizens.

[Wellstone ruled]

49. It sure did.

[bronxiteforever]

13. Kick and recommend. Brilliant!

[NCjack]

16. Kamala Harris for President 2020. nt

[CTyankee]

23. My fav Dem candidate! She's bold and has new, exciting ideas...

plus she's a woman of color and has great, creative ideas. Next to her in a debate, Trump would look like the POS he is.

[Luciferous]

17. Sounds good to me!

[safeinOhio]

18. Im middle class and I don't need it.

I'd rather they reverse to whole damn thing and give 80% of it to the bottom 1%.


By middle class, I'm single and make almost 4K/year.

[BigGermanGuy]

54. 4k?

[safeinOhio]

56. 40k

[7962]

60. About 60% of families make 75k or less.

There arent enough richer people to pay for this. Yes, the higher income folks SHOULD pay more. But even the "more" wont be enough. I know everyone will disagree with me, but this will NOT work in the US. Finland just dropped their "basic income" program. Sweden voters theirs down. People making 35.00 an hour don't need a check from the govt. Even with the ridiculous tax cut bill in place, the govt took in the MOST tax revenue in history during the last quarter. And it still isnt enough.

[Kaleva]

62. About 44% of Americans don't pay federal income tax

"“The large percentage of people who don’t owe federal income tax is a feature, not a bug, of the revenue code,” according to the Tax Policy Center. “By design, the federal income tax always has excluded a significant fraction of households through a combination of personal exemptions, the standard deduction, zero bracket amounts, and more recently, tax credits.”"

https://www.marketwatch.com/story/81-million-americans-wont-pay-any-federal-income-taxes-this-year-heres-why-2018-04-16

There aren't enough middle to working class families to pay for this.

[7962]

63. Exactly. And that fact also falls on deaf ears too.

You're liable to get that post hidden even though its factual. Has happened to me a few times. Pointing out how many people don't pay ANY income taxes pisses off a lot of people around here. They'll call it a "right wing talking point". Even with a long time membership and high post count.

But the fact is, so many of these election proposals are VERY expensive and no one ever has a REALISTIC way to pay for them.

[world wide wally]

19. THAT would actually help people and the economy...

No way Republicans will go for it

[Doitnow]

21. Next step is to get Harris on Rachel's show to ADVERTISE this. I'm tired of tv people saying they

don't see or hear of a Dems' message. If it isn't seen and heard on tv, it doesn't happen.

[Honeycombe8]

22. The House holds the purse strings. Is she going to run for the House? nt

[SWBTATTReg]

24. This would spur the economy more than what the 2018 tax cut and jobs bill has done so ...

far. And would help far more people. I say YES!

[Tom Rinaldo]

25. I am all for this AND believe it is brilliant politically but...

isn't someone supposed to point out right about now that there is no way this proposal could get past even a narrow Democratic majority Senate and/or a Trump veto? You know, it's "unrealistic" like Medicare for All or free public college education, tilting at windmills and all of that...

Ah, what the hell: Go Kamala!

[unblock]

28. yeah, realistically, we're not getting *anything* good passed until we win the trifecta

house, senate, and white house. even then, we have to deal with the filibuster.

but what are democrats to do in the meantime?

might as well shape the national debate and position ourselves for future elections by getting some good plans out there, even if they're never going to pass the first time....

[Tom Rinaldo]

30. I fully agree. Some here though have attacked some attempts to introduce progressive bills

...that stood no chance of becoming law in the immediately foreseeable future as simply "grand standing". I absolutely agree about the necessity of framing the national debate along our lines as a way of moving toward our agenda.

[erronis]

42. Didn't the repuglicons already eviscerate any cooperation with the dems? When we get the chance

we should do everything we can to stuff those cretins back into their caves for at least a century. We should make sure that a Democratic majority can actually take action and stop paying attention to all those whining bastards who demand "fairness". They had their chance and totally screwed the country. Live with it for 100 years.

[unblock]

27. tying it to repeal of the tax heist is brilliant

completely removes the argument that we can't afford it. we're just taking the same money republicans gave away to the rich people and corporations (possibly foreign), who may be hoarding, investing, or spending overseas; and giving it instead to americans who will spend it to boost the american economy!

[iluvtennis]

32. +++ agree.

[iluvtennis]

31. I love this proposal! I am a divorced single mom of 2 kids could use a monthly windfall. nt

[John Fante]

33. Great idea, and unlike the GOP tax scam, this tax cut

would actually get recirculated into the economy.

[Ligyron]

34. Couldn't rec and agree more.

And Harris is my hero and one of our best. Her and Trump in a debate? Pfffft, he'd withdraw or refuse cause everybody knows she'd show him up for the fool he is.

[saidsimplesimon]

35. NOW, this is music to my ears.

Thank you Sen. Harris and Germanguy for sharing a winning message.

[RainCaster]

37. Now we're talking

This is the kind of positive creative thinking we need to regain our place in government.

[Raven123]

38. Offering a definitive plan. Just what we need

[mountain grammy]

39. YES.. people are going freak out when they understand

that the personal exemption has gone away..not offset by the raise in the standard deduction if there are more than two dependents.

[erronis]

43. It would be great just to repeal the dump/repuglicon gift to their donors. A credit would be good

But I'd first like to see some clawbacks from the wealthy along with true accountability of incomes and paid taxes.

[Cha]

44. KR!!!

[SunSeeker]

50. This is how Democrats win!

[truthisfreedom]

52. That'll drive the pukes nuts.

[Chrysanthemum]

55. Good!!!

They make more mistakes then¡

[LompocDem]

59. Repeal and replace...

...as others have said, using their own jingoism against them will resonate to those susceptible to simplistic manipulation. When those red voters can see an immediate benefit for their situation it will become very popular IMO. *except for the multitudes of 'Morans" for sure.

[workinclasszero]

61. Yes!!!! Use their own slogans against the GOPers!

Repeal & replace the Trump billionaire tax and give it to the American people!

The REAL economy would explode in a joyous way if that happened!

[Maxheader]

64. corp americu won't like that one bit...

"Paying more taxes will kill the current economic boom"..they'll say..