“Tax Cuts”
Kamala Harris claims that her economic plan “will give tax cuts to 100 million Americans.”
IN FACT, Harris’ so-called “tax cuts” are actually welfare benefits doled out by the IRS via two fraud-ridden programs. Here are the specifics of this ploy:
- The only “tax cuts” in Harris’ economic plan are expanding the Earned Income Tax Credit and the Child Tax Credit.
- The Congressional Research Service classifies the Earned Income Tax Credit and the Additional Child Tax Credit as “need-tested benefit programs,” along with other “major” sources of welfare like SNAP (Food Stamps), Supplemental Security Income, and subsidized housing assistance.
- The U.S. Government Accountability Office lists the Earned Income Tax Credit and the Additional Child Tax Credit among the most fraud-addled federal programs, with respective improper payment rates of 33.5% and 14.5%.
- The IRS Taxpayer Advocate Service explains that the “IRS no longer is just a revenue collection agency but is also a benefits administrator.”
- Because of the above, the poorest 20% of U.S. households paid an average effective federal tax rate of –12% 2021: