By Eric Revell | Fox Business
A key part of Vice President Kamala Harris‘ newly released economic agenda would add $1.7 trillion to America’s growing national debt, according to a budget watchdog.
The plan, dubbed an “Agenda to Lower Costs for American Families,” was released Friday as Harris lays out her platform in her campaign for president. It includes expansions of the Child Tax Credit and Earned Income Tax Credit, as well as an extension of the health insurance premium subsidies under the Affordable Care Act (aka ObamaCare) that are due to expire at the end of next year.
It would also establish a new $25,000 tax credit for first-time homebuyers, expand tax credits for building affordable housing, create a $40 billion housing innovation fund, and seek to lower prescription drug prices through negotiations and increased transparency.