Trump's tax proposals primarily benefit wealthy Americans and large corporations, while Harris's plan targets lower and low-middle income individuals, as highlighted by the Penn Wharton Budget Model.
Harris's tax strategy aligns closely with President Biden's proposals, which include enhancements like an expanded child tax credit, Rethinking corporate tax rates, and higher taxes on high-income earners.
Douglas Holtz-Eakin suggests Trump’s approach is more about tax cuts for the wealthy with a promise of handouts, while Harris aims to support middle and lower-income households.
Key elements of the expiring provisions from Trump’s tax overhaul include larger child tax credits and lower marginal tax rates, which Harris’s plan aims to counteract.
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