Kamala Harris unveils populist policy agenda, with $6,000 credit for newborns
Kamala Harris unveils populist policy agenda, with $6,000 credit for newborns
The vice president’s speech on Friday is expected to reflect her most thorough articulation yet of her economic priorities.
The most striking proposals were 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; and a child tax credit that would provide $6,000 per child to families for the first year of a baby’s life.
I can already hear the crabs who didn't get this in the past trying to yank down the other crabs who will qualify for it back into the bucket. Happens every time there's a discussion about minimum wage.
Fuck them crabs. I bought my first house in April and don't want children (vasectomy ftw), I support these policies 1000%. Improving the lives of the people around me is an improvement to my life.
Improving the lives of the people around me is an improvement to my life.
I wish more people understood this.
Improving the lives of the people around me is an improvement to my life.
A rising tide lifts all boats. When the poor, disenfranchised, the marginalized, and more do well, we all do well.
BuT i ShOuLdNt HaVe To PaY fOr OtHeR pEoPlEs ChOiCeS
Every time I hear these arguments, I remember the analogy with cancer treatment and it makes it so clear what a terrible position it is to oppose this for others.
Imagine if a cancer cure came out today and then making the argument of “that’s not fair, my mom had cancer and she suffered and died last year, how come your mom can get a cure?”
I bought my first house like 2 years ago, i wish i had this proposed 25k assistance. I want it implemented for other people. I know 2 people who cannot afford to buy a house complain about the proposal
Most of those crabs (myself included) are benefiting from very low interest rates on their mortgages. Low enough rates to more than fully offset this one time incentive. So they should just chill and be happy they aren't paying 8% interest or whatever it is these days.
Maybe I'm missing somethng here. I'm not just asking this because I'm upset about the possibility of other people getting money and not me: Wouldn't we expect the home buyers' subsidy to only increase demand and drive up the cost of houses? Then the money would end up in the hands of those who already own one or many houses. Isn't this just giving money to people who are already well-off? Wouldn't it be better to create a program focused on building more houses instead?
Serious answer from a long term economic standpoint.
You want more people to participate in home ownership, it's good for all home owners. Homes are the majority of a family's equity/net worth. It continues to grow and appreciate and allows them to invest into themselves.
In 5-10 years, when they're ready to upgrade, they create a lot of economic activity for everyone by selling their current house, plus additional funds, to upgrade to a new one.
If you ever want to sell your house to someone under the age of 35 who's not a tech bro, this is how it's done.
It's the same logic that the economic stimulus package used to generate economic growth and activity.
The more hands money exchanges, the more valuable it is as a currency to everyone. Counter intuitively, the economy is not a zero sum game. It's unbounded. The more people we help to achieve financial stability and the ability to participate in the housing market, the better it is for everyone currently participating in the housing market.
Both can be done. Besides, first time homebuyers are the ones most in need of the kickstart needed to ownership. Consider also that the people with $2m homes likely aren’t going to see a direct increase in demand because of this. It would instead be current owners of so-called starter homes who could then use their existing equity to purchase a forever home.
No crabbing here. My kid is entering school and I got my house a couple years ago, but anyone going through that needs the help. It's a shit process in either case.
Damn I just missed it but I'd still support it for all the newer parents out there. Its a struggle and that would really help.
It also includes restoration of the child tax credit, just like we had during the pandemic when monthly checks were sent out to all parents and the child poverty rate was cut in half overnight. This is just an even bigger payment for the year they are a newborn.
I'm in the same boat but for the home purchase. I close next week and had to pinch every penny for the better part of 3 years in order to make my cash to close. The proposed 25k would mean I only have to come up with 3k.
Capping Groceries is COMMUNISM even though 100% of Current Astronomical Profits are going DIRECTLY to the CEOS and I can't afford Groceries!
"We should instead impose a $6,000 annual tax penalty on childless cat ladies!" -J. D. Vance, probably /s
The important part being that the proceeds of that tax will be given as subsidies on yacht purchases for… reasons.
"We'll have no tax on billion dollar corporations and pay for it by taking away the votes of childless 'people' and selling them to the rich!" - Tired Trump and Couch-Fucker Vance
I'll pour one out for all the idiots on here who have been crying about how she doesn't have any policies.
She used to have better policies. She used to be pro Medicare for All.
Anyway, Kamala 2024. Woo. Hoo.
Already bought my first house and not planning on having kids. I’m cool with this.
Already bought my first house and have a 4 month old. I’m also cool with this even if we miss the 1-year cutoff.
How many newborns can we redeem at one time for the credit? Asking for a friend.
One per day. For some reason the service is based in Germany, so it renews at 6pm EST.
Can I choose death runes instead of the cash? Trying to level my magic rn
Ladies, line up. We're going to red lobster
The best place to go when you're looking to dish out some lil swimmers.
In Taiwan the government gives you something like 300usd a month until your child is 6. Even more if you have more than 1 kid.
This is how we take care of our citizens.
Vance should be in favor of this, right? Although I'm guessing he would only support it if it went to the right type of person...
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https://www.washingtonpost.com/business/2024/08/16/kamala-harris-2024-policy-child-tax-credit/
Biden failed to get his $15 minimum wage promise but had no issues giving free cash to the rail industry to do nothing, free cash to GM to do nothing, free cash to TSMC & Intel to do nothing, and also free cash to Israel to continue a genocide.
So excuse me when I say that this is a election year scam porkbarrel promise which will magically get stuck in congress or get conveniently halted by a random ass judge.
The only one here I can see happening is the tax credit because it has been done before and because it doesn't actually involve giving out money.
Rather than malicious or a scam, this is closer to the class rep promising free vending machines. They don't have the power to give this and they're unlikely to convince the people that do have the power to actually do so.
That's not really better exactly, it's still deceitful, but only because they can't actually deliver, not that they can, but choose not to.
If you make promises during campaigning as the Democrat nominee, but fail to implement it in your entire term, expect the worst kind of outcome after. You might not care, but people do remember. And NO if DRUMPF doesnt keep his promises, there are a legion of real convicted felons who will ensure someones promises are kept, Drumpf is the symptom, the RNC/DNC is the disease. If Corpo dems do not get the eff out of politics, the next election will ensure there will be no more need for either party.
Times Up 'Murica. Git gud or FAFO.
I'll be curious to see what the medical debt relief package looks like in detail. I can imagine (and probably expect) this being structured in a way that's bittersweet, though it's far too early to start speculating. It's not going to be the overhaul that's needed address the travesty that is the medical insurance industry in this country. It'd be great if I get to see that in my lifetime.
$6,000 credit for newborns
So, you mean, born with debt? (On top of whatever public debt per capita is)
No. It's basically a continuation of the child tax credit that the republicans killed. It lifted half of kids out of poverty that were in poverty and it was a very very popular covid relief program.
Reminds me of the movie "in time"