As the 2024 election approaches, both former President Donald Trump and Vice President Kamala Harris have outlined their respective economic agendas, with tax changes being a central focus. Trump aims to preserve the tax cuts brought forth by the Tax Cuts and Jobs Act (TCJA), which include individual and business tax cuts. These tax cuts
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The federal minimum wage has remained unchanged at $7.25 per hour for the past 15 years, leaving many workers struggling to make ends meet. Democratic presidential nominee Kamala Harris has called for an increase in the minimum wage to support working families. However, despite some states enacting higher minimum hourly pay rates, 20 states still
Vice President Kamala Harris recently unveiled an economic plan that includes an expanded child tax credit worth up to $6,000 in total tax relief for families with newborn children. This plan is aimed at restoring the higher child tax credit enacted through the American Rescue Plan in 2021. The proposed tax break would provide $6,000