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Professor Caroline Bruckner was Featured in an Accounting Today Article

Written by Kogod School of Business | August 12, 2024

 

The article in Accounting Today discussed some of the stances on various tax issues that Kamala Harris has taken throughout her political career and how they might influence her positions as president of the United States.

  • As Biden's vice president, Harris supported initiatives such as the Inflation Reduction Act and the Green Book budget proposals, which suggested not raising taxes for any American making under $400,000 annually.
  • Harris has strong connections to the tax community in California, which indicated potential greater connections between the White House and Silicon Valley if she became president.
  • The 2017 Tax Cuts and Jobs Act is set to expire in 2026, and the president at that time will be able to determine the future of provisions included in that act. 

Brucker said: "The Child Tax Credit is a real opportunity for her to tout the success of the refundable tax credit. It was an essential part of her tax proposal in 2019, and the Biden administration was actually able to do that with the credit. There was a bipartisan proposal just sitting there that was passed by the House earlier this year which would have expanded the credit."

Read the full article here