Vice President Kamala Harris is starting to unveil her economic plans, including a proposal to provide a $6,000 tax credit for parents of newborns as well as bringing back the pandemic-era expanded Child Tax Credit.
The more generous tax credits could lift millions of children out of poverty and aid middle-class families with the cost of raising kids, but it could come with a hefty price tag, according to the nonpartisan Tax Foundation, which pegs the 10-year cost at $1.6 trillion.
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