Kamala Harris: LIFT Taxation Plan

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Politifact April 11, 2019
https://www.politifact.com/california/article/2019/apr/11/kamala-harris-calls-her-lift-plan-most-significant/

Kamala Harris calls her LIFT plan ‘the most significant middle-class tax cut in generations.’ Is it?

Early in her run for president, California Sen. Kamala Harris has described a "cost-of-living crisis" in America where the price of everything from housing to health care to education is on the rise.

To tackle the problem, Harris has introduced the LIFT (Livable Incomes for Families Today) the Middle Class Act. It’s a nearly $3 trillion plan that would provide middle- and working-class families with a tax credit of up to $6,000 per year, available in either an annual lump sum or monthly payment.

Here’s what Harris has said about her plan on the campaign trail:

"We will deliver the largest working- and middle-class tax cut in a generation. Up to $500 a month to help America's families make ends meet," Harris said during her kick-off speech in Oakland in late January.

(snip)There’s no question Harris’ plan would be a significant tax cut and more focused on the middle class than past plans. Experts told us the LIFT plan would be among the largest middle-class tax breaks in decades. But opinions are mixed and information is incomplete on whether it can truly be called the largest and most significant middle-class tax cut in generations.