Tag: credit

Kamala Harris Wants to Give A $6,000 Tax Credit to New Parents

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Vice President Harris is starting to lay out her vision for the economy, and her agenda includes a $ 6,000 tax credit for parents of newborns.  The impact of this could be major—it would lift millions of children out of poverty and provide a needed helping hand to millions of families.    What Is a Tax Credit? A tax credit is a portion of money that reduces the total taxes owed to the government. It’s essentially a discount on taxes and can help taxpayers get extra money back on their…

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Pause Before You Give Congress Credit for Trying to Stop Slave Labor in China

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American corporate and political leaders are more eager than ever to burnish their do-gooder credentials. Companies are taking stands on social issues more than ever before. Politicians also want to make sure the voters know they are socially just. It’s no surprise, therefore, that each house of Congress has passed a bill to stop the importation of goods made with Chinese slave labor. What’s more interesting is just how much top American companies and our political leaders have done to slow down the process and weaken the protections. It’s a…

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Biden’s push for electric vehicles includes tax credit favoring union factories over non-union plant

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President Biden’s alliance with labor unions was on display on Wednesday with a proposal favoring union shops in his push for electric vehicles, snubbing Tesla and other nonunion plants while promoting his infrastructure programs and offering extra federal subsidies only for cars assembled at union factories. Speaking on the floor … The Washington Times stories: White House

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