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Saturday, September 21, 2024

St. Therese of Lisieux parishioner: Middle class will 'bear the brunt' on-renewal of Trump tax cuts by VP Harris

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St. Therese of Lisieux | Provided Photo

St. Therese of Lisieux | Provided Photo

Teresa Hutchinson, a Shelby Township resident and member of the St. Therese of Lisieux parish, said Vice President Kamala Harris' plan to end the tax cuts act made under former President Donald Trump will significantly impact the middle class.

“Non-renewal of the act will impact the middle class,” Hutchinson said. “It’s the middle class that will bear the brunt of this decision, making it harder for them to get by.”

Democratic Presidential Candidate and current Vice President Kamala Harris supports ending Trump-era tax cuts, making finances even more difficult for families with many children in this time of economic uncertainty.

While Kamala supports expanding the welfare side of the child credit, she is in favor of killing the Trump-era tax cuts, hurting American families across the board.  

“By ending the Trump tax cuts, Kamala would increase your taxes $1000 per kid minimum,” said Tom McClusky, Director of Government Affairs for CatholicVote. 

The Tax Cuts and Jobs Act (TCJA) of 2017 “reduced average tax rates for taxpayers at all income levels because it lowered marginal tax rates, widened tax brackets, doubled the child tax credit and zeroed out personal and dependent exemptions, nearly doubled the standard deduction, and limited several itemized deductions and the alternative minimum tax, among other changes,” as reported by the Tax Foundation.

“Kamala Harris wants to end the Trump tax cuts,” commented Josh Mercer, Editor of the Loop at CatholicVote, “that would mean cutting the Child Tax Credit in half and also increasing the tax rates on lower and middle class voters.”

“These tax cuts have helped average Americans across the country afford groceries, bills, and other expenses during this time of inflation,” continued Mercer. “Ending the Child Tax Credit can only be seen as an attack on traditional American families.”

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