Democratic Primaries
Related: About this forumAlmost all of Sen. Harris's $2.8 trillion tax plan would help middle and working class, study finds
The Tax Policy Center, a nonpartisan think tank, said Wednesday that Harriss LIFT Act would add $2.8 trillion to the federal deficit in its first 10 years and an additional $3.4 trillion in the following decade. Harris has proposed paying for the tax cut by eliminating the parts of the Republican tax law passed last fall that benefit the rich, as well as levying a new tax on large financial institutions.
Because the amount an individual or couple can receive from the tax credit would diminish as their incomes rise, nearly all of the plans benefits would go to those who earn less than $87,000, the Tax Policy Center said. Its benefits are expected to be much smaller for the poorest Americans.
As the analysis shows, Senator Harriss middle-class tax bill would put more money back into the pockets of millions of American families, said Lily Adams, a spokeswoman for Harris. One of the biggest issues our nation faces is that wages are not keeping up with the rising cost of living. Big problems require big solutions.
https://www.washingtonpost.com/business/2018/11/15/almost-all-sen-harriss-trillion-tax-plan-would-help-middle-working-class-study-finds/
primary today, I would vote for: Joe Biden
cstanleytech
(26,291 posts)primary today, I would vote for: Joe Biden
HopeAgain
(4,407 posts)leaves out a huge segment of the population- part time employees, freelancers, independent contractors, etc. On economics I trust Warren the most. She favors a living wage as well.
primary today, I would vote for: Undecided
ehrnst
(32,640 posts)Also, half of all jobs are with small businesses, and not corporations, so making corporations raise wages won't solve that problem for half of workers - or small business owners, or the self employed, or the gig worker....
The gig economy is a much more widespread and insidious wage theft than the rate of minimum wage for McDonalds workers.
Beware being convinced of the "simple solution" for a large and complicated problem.
primary today, I would vote for: Joe Biden
JI7
(89,250 posts)primary today, I would vote for: Undecided
Corporations get such a break and can entice workers because of great benefit packages, free transit passes and other perks that the small business just cannot compete against.
I don't understand how people cannot see how everything is rigged for big business and we end bowing to what they deem to give. This is why our environment is such a mess, pensions have been looted and politicians answering to them.
I owned my own business since 2004. I finally got a job 2 years ago because of health benefits that didn't ask for a huge monthly payday and a deductible that would have me hoping for a grave disease or injury so I could get some of my money back.
Before this new healthcare provider, I had an allergic reaction to shellfish and went to the hospital because I can die from it. I got to see a doctor, but the referral to see a specialist for allergies would not take my self employed healthcare provider. No one would after a morning of trying other specialists. What good is healthcare if you won't be seen or you go broke for just having to have it?
I don't love my job, I would quit but the benefits keep me looking for something comparable in my job hunt. Not going so well.
primary today, I would vote for: Undecided
djacq
(1,634 posts)primary today, I would vote for: Joe Biden
KitSileya
(4,035 posts)This is very typical of our female candidates - they are a whole lot more pragmatic, and they are willing to actually fight for the real working class. (The majority of which is not white or male - it's mostly women, and people of color.)
primary today, I would vote for: Joe Biden
And maybe Im just another pragmatic female but damn, I want to know the whys, what, hows and when of legislation
primary today, I would vote for: Joe Biden
primary today, I would vote for: Joe Biden
David__77
(23,411 posts)Its a ways toward universal basic income.
primary today, I would vote for: Undecided