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Kamala Harris on Welfare & Poverty
Democratic candidate for President; California Senator
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LIFT Act and Rent Relief: $42 billion to people in poverty
Kamala Harris's LIFT the Middle Class Act and Rent Relief Act are a massive expansion of the EITC, which provides supplemental cash to low-income people who work. The LIFT Act (Livable Incomes for Families Today, estimated cost $247 billion a year)
would add another credit tied to work paid out monthly at a rate of $3,000 a year for childless single adults and $6,000 a year for couples or parents, phasing out for couples who make $100,000. The Rent Relief Act ($93 billion a year)
would offer a refundable tax credit to people making $100,000 or less and spending at least 30% of their income on rent. The credit would be worth a certain percentage of the difference
between their rent and 30% of their income. For the poorest renters, the credit would cover the full difference; for slightly less poor renters, 75%, and so on.
The LIFT Act Rent Relief Act would provide $42 billion to people in poverty.
Source: Vox.com,"5 anti-poverty plans" on 2020 Democratic primary
, Jan 30, 2019
Page last updated: Jun 03, 2019