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
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.
Ylan Mui | @ylanmui
Published 6 Hours Ago Updated 46 Mins Ago
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.
Sen. Kamala Harris, D-Calif., announced a plan this week that would give working families up to $6,000 each year, with the option of receiving monthly payments. Sen. Sherrod Brown, D-Ohio, and Rep. Ro Khanna, D-Calif., outlined a similar idea last year. A bill from Rep. Bonnie Watson Coleman, D-N.J., would allow family caregivers and students to receive the money as well.
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https://www.cnbc.com/2018/10/19/kamala-harris-democrats-push-to-repeal-and-replace-trump-tax-cuts.html
