Democrats to pitch aggressive middle-class tax breaks
On Monday, Rep. Chris Van Hollen (D-Md.) will present an ambitious "action plan" put together by senior Democrats that would give tax breaks to the middle class while adding fees to financial transactions on Wall Street.
As The Washington Post reports, the plan proposes to give a "paycheck bonus" worth $1,000 to individuals and $2,000 to couples; increase the tax credit for child care from $3,000 per person to $8,000 per person; create a bonus of $250 for workers who put away $500 a year in retirement funds or other savings accounts; and reduce marriage penalties for dual-income couples.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
6 homes with incredible balconiesFeature Featuring a graceful terrace above the trees in Utah and a posh wraparound in New York City
-
Did Alex Pretti’s killing open a GOP rift on guns?Talking Points Second Amendment groups push back on the White House narrative
-
The 8 best hospital dramas of all timethe week recommends From wartime period pieces to of-the-moment procedurals, audiences never tire of watching doctors and nurses do their lifesaving thing
-
Fed holds rates steady, bucking Trump pressureSpeed Read The Federal Reserve voted to keep its benchmark interest rate unchanged
-
Judge slams ICE violations amid growing backlashSpeed Read ‘ICE is not a law unto itself,’ said a federal judge after the agency violated at least 96 court orders
-
Rep. Ilhan Omar attacked with unknown liquidSpeed Read This ‘small agitator isn’t going to intimidate me from doing my work’
-
Democrats pledge Noem impeachment if not firedSpeed Read Trump is publicly defending the Homeland Security secretary
-
The billionaires’ wealth tax: a catastrophe for California?Talking Point Peter Thiel and Larry Page preparing to change state residency
-
Hegseth moves to demote Sen. Kelly over videospeed read Retired Navy fighter pilot Mark Kelly appeared in a video reminding military service members that they can ‘refuse illegal orders’
-
Trump says US ‘in charge’ of Venezuela after Maduro grabSpeed Read The American president claims the US will ‘run’ Venezuela for an unspecified amount of time, contradicting a statement from Secretary of State Marco Rubio
-
Bari Weiss’ ‘60 Minutes’ scandal is about more than one reportIN THE SPOTLIGHT By blocking an approved segment on a controversial prison holding US deportees in El Salvador, the editor-in-chief of CBS News has become the main story
