Harris-Walz's Pro-Life Policy

[jon-nyc]

Vance: let’s expand the child tax credit.

Jolly: Pro-Family. Yay!

Kamala: let’s expand the child tax credit

Jolly: Buying votes!!!!

[Jolly]

@jon-nyc said in Harris-Walz's Pro-Life Policy:

Vance: let’s expand the child tax credit.

Jolly: Pro-Family. Yay!

Kamala: let’s expand the child tax credit

Jolly: Buying votes!!!!

I think either way is buying votes. I get tired of tax policy as a specific goad. I would rather see lower taxes for everybody.

Go to a VAT or preferably a flat tax.

And address the child problem from there.

[Doctor Phibes]

@Jolly said in Harris-Walz's Pro-Life Policy:

I would rather see lower taxes for everybody.

Go to a VAT or preferably a flat tax.

I hate to channel Ax, but a flat tax is not a lower tax for everybody. It's a lower tax for rich people.

[LuFins Dad]

@jon-nyc said in Harris-Walz's Pro-Life Policy:

Vance: let’s expand the child tax credit.

Jolly: Pro-Family. Yay!

Kamala: let’s expand the child tax credit

Jolly: Buying votes!!!!

I would agree, except for

Harris called for the elimination of medical debt for millions of Americans; the “first-ever” ban on price gouging for groceries and food; a cap on prescription drug costs; a $25,000 subsidy for first-time home buyers;

So yeah, that kind of changes the context quite a bit.

[George K]

@LuFins-Dad said in Harris-Walz's Pro-Life Policy:

$25,000 subsidy for first-time home buyers;

So, people who never owned slaves are supposed to pay reparations via taxes to people who never were slaves. That right?

So, after I paid off student debt, my taxes are going to help other people by canceling student debt. That right?

So, after I paid off my house, my taxes are going to help other people buy their house. That right?

It's really something when an op-ed in the WaPo calls it "near communist."

https://www.washingtonpost.com/opinions/2024/08/15/kamala-harris-price-gouging-groceries/

[Copper]

@Axtremus said in Harris-Walz's Pro-Life Policy:

... a child tax credit that would provide $6,000 per child to families for the first year of a baby’s life.

.

And what are you supposed to do with the baby after the first year?

[Jolly]

@Doctor-Phibes said in Harris-Walz's Pro-Life Policy:

@Jolly said in Harris-Walz's Pro-Life Policy:

I would rather see lower taxes for everybody.

Go to a VAT or preferably a flat tax.

I hate to channel Ax, but a flat tax is not a lower tax for everybody. It's a lower tax for rich people.

Here's where I do not agree...Granted, a flat tax impacts poor people more than rich people, but it does creates two powerful societal stimuli in those economic classes...

1. It creates skin in the game. It's one thing to vote for Candidate Sugar Daddy, who is going to dole out OPM. It's another ball of wax, when it's your tax money being doled out. I think that creates an impetus for less social programs for the individual and more emphasis on spending funds for things that are good for society. Things like roads, bridges, libraries, public school, broadband access and cellular access for more rural areas.

2. It creates certainty in wealth acquisition. Right now, we have a progressive tax code with a mountain of laws, loopholes and legalities. I want the person working at the carwash, the person working retail, the cook at the local diner, the nurse, cop, teacher or the kid stocking groceries, to know that for every extra dollar they make, Uncle Sam is only taking a certain (10%?) percentage of his raise.

It eliminates bracket creep and tax confusion, creating a driving force for people to want to improve their financial position in life.

[LuFins Dad]

@Copper said in Harris-Walz's Pro-Life Policy:

@Axtremus said in Harris-Walz's Pro-Life Policy:

... a child tax credit that would provide $6,000 per child to families for the first year of a baby’s life.

.

And what are you supposed to do with the baby after the first year?

Kamala’s pro-choice policy will allow abortion up until the 9th trimester.

[Jolly]

Pithy.

[jon-nyc]

@George-K said in Harris-Walz's Pro-Life Policy:

So, after I paid off my house, my taxes are going to help other people buy their house. That right?

They already do via the mortgage interest deduction.

[LuFins Dad]

@jon-nyc said in Harris-Walz's Pro-Life Policy:

@George-K said in Harris-Walz's Pro-Life Policy:

So, after I paid off my house, my taxes are going to help other people buy their house. That right?

They already do via the mortgage interest deduction.

Nahhh, Trump’s tax code pretty much negated that. Most people that used to itemize are taking the standard deduction, now!

[Jolly]

@LuFins-Dad said in Harris-Walz's Pro-Life Policy:

@jon-nyc said in Harris-Walz's Pro-Life Policy:

@George-K said in Harris-Walz's Pro-Life Policy:

So, after I paid off my house, my taxes are going to help other people buy their house. That right?

They already do via the mortgage interest deduction.

Nahhh, Trump’s tax code pretty much negated that. Most people that used to itemize are taking the standard deduction, now!

Correct.

[George K]

[Axtremus]

Indeed, childless tax payers already pay more for not getting the child tax credit; but that lasts only until one's youngest child reaches 18 years of age.