As the economic policy positions of the Harris-Walz ticket and their Republican opponents, Donald Trump and JD Vance, begin to align, a convergence is becoming evident.
JD Vance recently expressed his support for expanding the Child Tax Credit to $5,000 per child, although he acknowledged the challenges in garnering support on Capitol Hill, where Senate Republicans had previously blocked such an expansion.
On the other hand, Harris' camp maintains her backing for a larger child tax credit. Earlier this year, she hinted at a potential return to the temporary amounts set under the American Rescue Plan, which were up to $3,600 per child under 6 and $3,000 for children aged 6 to 17. However, the specifics of Harris' final stance on the Child Tax Credit remain undisclosed.
Sources close to Harris have hinted that any new economic proposals she unveils will complement rather than overhaul the Biden administration's existing policies. With Harris leaning more towards the center than the progressive wing of the party that influenced much of Biden's initial agenda, there is a possibility of proposals aimed at reducing costs through government programs being balanced with tax cuts in other areas.
One insider mentioned that Harris aims to strike a balance between aiding individuals in building their lives and not impeding those who have already achieved financial stability, particularly wealthier individuals.
During a recent rally in Las Vegas, Harris proposed the elimination of tips on wages, a policy that Trump had previously mentioned at a rally in the same location in June. This marks another instance of the two opposing parties finding common ground on certain policy issues.
