Parents could get cash if either campaign has their way — and if Congress follows suit.
The 2024 election has already taken myriad twists and turns, but candidates’ platforms are finally taking shape — and it looks like parents are top of mind for both.
Vice President Kamala Harris, the Democratic nominee, and running mate Tim Walz have proposed multiple measures to put more money into parents’ pockets.
One is catered toward parents of newborns; under the Harris-Walz plan, middle and lower-income families would get a $6,000 tax credit in their children’s first year of life. Harris and Walz are also proposing restoring the enhanced child tax credit, which rose to $3,600 under President Biden’s American Rescue Plan. After that measure initially lapsed, 5 million children fell into poverty.
“We know this works and has a direct impact on so many issues, including child poverty. We know it works”, Harris said in campaign remarks. “So, as president, I’ll not only restore that tax cut but expand it.”
As governor of Minnesota, Walz helped boost the state’s child tax credit to $1,750 per child — the highest in the country, per the Minnesota Star Tribune.
