Jodey Arrington - Chairman of the House Budget Committee | Official U.S. House headshot
Jodey Arrington - Chairman of the House Budget Committee | Official U.S. House headshot
WASHINGTON, D.C. – During her tenure as a United States Senator, Kamala Harris supported and advocated for the implementation of economic policies that critics argue would harm America’s workforce and economy.
The recently unveiled Harris-Waltz economic proposal continues to attract attention. The Penn Wharton Budget Model analyzed the plan and reported some concerning results.
Vice President Harris has been described as a proponent of giving free health care to illegal immigrants while claiming to prioritize the middle class. Critics argue her ideas would add to the financial burden on American taxpayers.
Senator Harris championed progressive policies in areas such as healthcare, tax policy, and education during her time in office. Some of her proposals were considered costly by detractors.
Last month, Vice President Kamala Harris released a document outlining several proposals she aims to enact if elected President, referred to as the “Agenda to Lower Costs for American Families.” This plan is projected to cost taxpayers nearly $1.7 trillion over the next decade and includes:
- Expanding the Child Tax Credit (CTC)
- Extending enhanced Affordable Care Act Subsidies
- Expanding the Earned Income Tax Credit (EITC)
- Establishing a First-Time Homebuyer Tax Credit for four years
- Affordable housing provisions
The Harris-Walz campaign asserts that this economic package would be funded through taxes on job creators and supports revenue raisers in the President’s FY25 budget. However, specific offsets have not been detailed as part of the “Agenda to Lower Costs for American Families.”
Since assuming office, critics claim that average family expenses have increased significantly under the Biden-Harris Administration due to what they describe as reckless spending. They argue that Kamala Harris's proposals do not address long-term fiscal sustainability.
More from the House Budget Committee:
Read Chairman Arrington’s bicameral letter requesting CBO analysis of a new Medicare Part D Premium Stabilization Demonstration program HERE.
Read an executive summary of CBO’s updated budget projections for fiscal years (FY) 2024-2034 HERE.
Read comparisons of CBO’s February 2024 baseline report with the June 2024 update, and a comparison from when President Biden took office until today HERE.
Alerts Sign-up