- With midterm elections 2½ weeks away and the 2020 presidential race around the corner, prominent Democrats are embracing an ambitious idea: Repeal and replace the $1.5 trillion Republican tax plan.
- The proposals would get rid of the tax cuts and, in turn, funnel that money into government-guaranteed cash for low- and middle-income households.
- Possible White House contender Sen. Kamala Harris announced a plan this week that would give working families up to $6,000 each year, with the option of receiving monthly payments.
Mission Statement: This blog reviews the news of the day in light of 242 years of American history. "Nationalism," a modern day pejorative, has been our country's politic throughout history, until 2008. Obama changed that narrative. Trump is seeking a return to our historical roots. Midknight Review supports this return to normality.
In April of 2019, we will recevie a $2,000 child tax credit instead of the current $1,000 and the doubling of our standard deduction. Mine will go from $12,000 annually to $24,000 and the Dems want to get rid of all that.
Ylan Mui / CNBC:
Kamala Harris and other prominent Democrats want to repeal Trump's tax cuts and replace
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