Vice President Kamala Harris, in her 2024 presidential campaign, has outlined a comprehensive policy platform addressing key domestic and international issues. Below is a summary of her main policy priorities:
## **Domestic Policies**
### **Economy**
– **Middle-Class Tax Cuts**: Harris pledges to restore and expand tax credits, including the Child Tax Credit (up to $3,600 per child) and the Earned Income Tax Credit, benefiting more than 100 million working- and middle-class households. She also advocates eliminating federal taxes on tips and offering tax breaks for entrepreneurs[1][4].
– **Corporate Taxation**: Harris proposes increasing the corporate tax rate from 21% to 28% and the corporate minimum tax to 21%, affecting companies with more than $1 billion in annual profits. Her plan also focuses on retaining Trump-era tariffs on China while encouraging domestic manufacturing investments[1][2].
– **Economic Impact**: Analysts predict her tax and spending proposals could increase deficits by $1.2 to $2 trillion over the next decade due to expanded benefits like health insurance premium subsidies and new housing assistance[3].
### **Housing**
– **Affordable Housing**: Harris plans to build 3 million affordable homes within four years. She proposes tax incentives for first-time homebuyer builders and $25,000 in down-payment assistance for first-time buyers who have paid rent on time for two years[1][4].
– **Regulating Large Landlords**: Her administration would enforce stricter regulations on large corporations owning significant rental properties to combat predatory practices[1].
### **Healthcare**
– Harris supports making subsidies for health insurance under the Affordable Care Act permanent. These subsidies ensure affordable premiums for middle- and lower-income households[3].
### **Abortion Rights**
– A staunch defender of reproductive rights, Harris has called for federal legislation to guarantee abortion access nationwide. She opposes state-level abortion bans and pledges to block any potential national abortion restrictions[1][5].
### **Climate and Energy**
– Although moderating her earlier stance, Harris supports promoting clean energy through expanded incentives, continuation of the Inflation Reduction Act provisions, and investments in green technology. She opposes a full ban on fracking, reflecting a more pragmatic approach[4][5].
### **Immigration**
– Harris prioritizes a balanced approach by supporting President Biden’s policies that reduced illegal crossings to a four-year low. She distances herself from more progressive past positions, favoring stricter border protections[4].
### **Gun Control**
– Harris supports red flag laws to prevent those deemed high-risk from obtaining firearms. She also emphasizes federal resources for states to implement extreme risk protection orders effectively[4][5].
## **Foreign Policy**
– **China Policy**: Harris advocates “de-risking” from, rather than decoupling with, China. She continues the Biden administration’s policies of restricting exports of sensitive technology and encouraging allies to follow suit. Her administration opposes a full ban on TikTok, emphasizing responsible competition[2].
– **Trade and Alliances**: Harris supports strengthening ties with American allies, particularly in the Indo-Pacific, and has hosted summits to bolster regional cooperation. She emphasizes freedom of navigation in contested areas like the South China Sea[2].
– **Global Infrastructure**: Harris proposes investments in infrastructure in lower-income countries to counter China’s Belt and Road Initiative[2].
– **Defense Spending**: As part of broader investment initiatives, she supports increasing military cooperation with allies and maintaining strategic ambiguity on Taiwan[2].
Harris’ platform focuses on building a more equitable economy, improving access to essential services, and bolstering U.S. leadership globally. While her campaign presents ambitious goals, the proposed policy changes carry significant fiscal implications, with increases in national debt projected under her plans.