Kamala Harris’s campaign is pushing a version of the credit intended to fight child poverty, while Donald J. Trump sees the program primarily as a tax cut for people higher up the income scale.
Category: Income Inequality
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Your Friend Has More Money Than You Do. How Can Your Relationship Survive?
Financial disparities in friendships can create conflict where it shouldn’t exist. Here’s how two friends navigated a growing wealth gap.
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France Prepares to Raise Taxes on Businesses and the Rich
France’s new prime minister, Michel Barnier, has opened the door to reversing some of President Emmanuel Macron’s tax cuts in an effort to fix the country’s widening budget deficit.
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The Report Card on Guaranteed Income Is Still Incomplete
A three-year analysis of unconditional cash stipends concluded that the initiative has had some success, but not the transformational impact its proponents hoped for.
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Donors Quietly Push Harris to Drop Tax on Ultrawealthy
Vice President Kamala Harris’s fund-raising has benefited from a surge of interest from Silicon Valley and Wall Street.
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What We Know About Kamala Harris’s $5 Trillion Tax Plan So Far
The vice president supports the tax increases proposed by the Biden White House, according to her campaign.
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5.25%
The Federal Reserve left interest rates at a two-decade high, but all the attention was on what it will do next.
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A Harris Economy Could Prove More Progressive Than ‘Bidenomics’
As a presidential candidate in the past, the former California senator pushed for higher taxes and bigger housing investments.
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Trump’s Proposed Tax Cuts and Increased Tariffs Could Hurt Poorer Households
Some Republicans want to use revenue collected from higher duties on foreign goods to finance tax cuts. Economists say such a shift could widen the gap between the rich and the poor.
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Trump’s Proposed Tax Cuts and Increased Tariffs Could Hurt Poorer Households
Some Republicans want to use revenue collected from higher duties on foreign goods to finance tax cuts. Economists say such a shift could widen the gap between the rich and the poor.