{"id":2323630,"date":"2024-08-13T08:53:01","date_gmt":"2024-08-13T12:53:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wake-up-with-the-washington-examiner-child-tax-credit-crunch-waiting-for-harris-to-knife-biden-and-why-smith-is-stalling-washington-examiner\/"},"modified":"2024-08-13T08:58:20","modified_gmt":"2024-08-13T12:58:20","slug":"wake-up-with-the-washington-examiner-child-tax-credit-crunch-waiting-for-harris-to-knife-biden-and-why-smith-is-stalling-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wake-up-with-the-washington-examiner-child-tax-credit-crunch-waiting-for-harris-to-knife-biden-and-why-smith-is-stalling-washington-examiner\/","title":{"rendered":"Wake up with the Washington Examiner: Child tax credit crunch, waiting for Harris to knife Biden, and why Smith is stalling &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">48<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwake-up-with-the-washington-examiner-child-tax-credit-crunch-waiting-for-harris-to-knife-biden-and-why-smith-is-stalling-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2323630&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Assures GOP \u2062will \u200cprioritize spending cuts in upcoming budget \u200bnegotiations<\/a><\/p>\n<p>The \u2063passage provides an overview of various policies surrounding the \u200b<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/burgum-backs-bigger-child-tax-credit-amid-broader-gop-family-push\/\" title=\"Burgum supports increased child tax credit in GOP&#039;s family-focused agenda.\">child \u200btax credit<\/a> in the\u200b United\u200d States, highlighting \u2063its \u200chistorical changes under different\u200c administrations, as well as \u200dcurrent political dynamics related to it. The text reflects on the bipartisan origins of the credit, increases made during George W. Bush&#8217;s presidency, expansions during Biden&#8217;s administration, and the\u2062 differing views of Democrats and Republicans on how it should be structured in the future.<\/p>\n<p>In the context of \u2063ongoing elections, the \u2064narrative also shifts to Vice President Kamala Harris, discussing her struggle to define \u200cher identity separate from President Biden while simultaneously running \u200ba campaign that appeals to both centrist and progressive voters. Harris&#8217;s past liberal policies pose challenges as she seeks to position herself as the successor to Biden while \u200dalso courting \u200cvoters concerned about economic issues.<\/p>\n<p>Lastly, the excerpt touches on legal matters involving former President Donald Trump, with special\u2063 counsel Jack Smith indicating a \u200ddesire to delay proceedings\u2063 against Trump amid ongoing discussions about presidential \u2062immunity and \u2064potential \u200dnew charges.<\/p>\n<p>the \u2063text encapsulates critical political issues related to taxation, electoral \u200bstrategy, and legal challenges, reflecting a complex interplay of factors influencing current U.S. policy and campaign dynamics.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Wake up with the Washington Examiner: Child tax credit crunch, waiting for Harris to knife Biden, and why Smith is stalling<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1729329\" class=\"tpd-featured-video bridtv\"><\/div>\n<h2 class=\"wp-block-heading\">Child tax credit throwdown<\/h2>\n<p>Democrats and Republicans will find themselves in a strange position next year as former President <strong><a href=\"https:\/\/washingtonexaminer.com\/tag\/donald-trump\/\" target=\"_blank\" rel=\"noopener\" title=\"Donald Trump\">Donald Trump<\/a>&rsquo;s <\/strong>signature achievement expires and a new Congress is left with an opportunity to reshape the tax code. Congress being left with work to do on rethinking the future of taxes isn&rsquo;t what&rsquo;s strange, though. What a divided Washington, almost certainly split by miniscule majorities in the House and Senate, will find odd is a general agreement that reworking the child tax credit is in everyone&rsquo;s interest.&nbsp;<\/p>\n<p>In the second part of our series examining the &ldquo;tax cliff&rdquo; the country is speeding toward, Economics and Business Reporter <strong>Zachary Halaschak <\/strong>took a pulse check of how one of the most popular tax ideas could get a new lease on life.&nbsp;<\/p>\n<p>A brief primer from Zachary:<\/p>\n<p><em>&ldquo;The child tax credit began with <a href=\"https:\/\/www.ncsl.org\/research\/human-services\/child-tax-credit-overview.aspx\" target=\"_blank\" rel=\"noopener\" title>bipartisan support<\/a> in 1997 under <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/bill-clinton\" target=\"_blank\" rel=\"noopener\" title>President Bill Clinton<\/a>. Those with children who met certain criteria were allowed to subtract the amount of the tax credit from their <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/zoom-profits-in-2020-660-million-zoom-tax-payment-in-2021-0\/\" title=\"Zoom Profits in 2020: 0 Million. Zoom Tax Payment In 2021: federal income taxes.\">federal income taxes<\/a>. Then, the credit was nonrefundable, meaning that the filer&rsquo;s credit could not be higher than the amount of taxes owed. They would not receive a cash reimbursement.<\/em><\/p>\n<p><em>Under President George W. Bush, the child tax credit increased from $500 to $1,000 and was made partially refundable for certain low-income taxpayers. Over the years and under subsequent administrations, the child tax credit was subtly changed and expanded, but former President Donald Trump&rsquo;s Tax Cuts and Jobs Act, known as the Trump tax cuts, essentially doubled it for families.&rdquo;<\/em><\/p>\n<p>Politicians, of whatever stripe, aren&rsquo;t winning any new votes by stripping checks away from taxpayers. Dropping an extra $2,000 into the bank accounts of parents come tax season is a political winner, even if the economic arguments are fraught and the advisers are agitating for a different approach to the popular policy.&nbsp;<\/p>\n<p>Democrats expanded the tax credit as part of President <strong>Joe Biden&rsquo;s <\/strong>monster spending American Rescue Plan Act. They pushed the credit to as high as $3,600 for children under 6 and $3,000 for other children. Those payments came back down at the end of 2021 when the approved ARP funding ran out.<\/p>\n<p>That&rsquo;s the figure they&rsquo;d like to get back to during negotiations over the tax credit&rsquo;s future next year.&nbsp;<\/p>\n<p>Republicans would be more comfortable with a smaller credit, but they are more concerned about attaching work requirements to any payment, and indexing the return to inflation &mdash; raising the base payment while protecting its value against unknown future economic conditions.&nbsp;<\/p>\n<p>Critics of the credit told Zachary that lawmakers should spend more time focusing on tax policy that will do more to spur employment and investment rather than depositing checks in individual accounts.&nbsp;<\/p>\n<p>The credit is expensive, and while it can move margins for individual families, it does little to shape the broader landscape.<\/p>\n<p>&ldquo;The child tax credit has a big budget impact, and so the more of the bill, or the extension, is allocated toward the child tax credit, the less is going to be allocated to things that are better for economic growth like <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-treasury-secretary-calls-for-globalist-corporate-tax-agreement-looking-to-end-tax-competition\/\" title=\"Biden\u2019s Treasury Secretary Calls For Globalist Corporate Tax Agreement, Looking To End \u2018Tax Competition\u2019\">lowering tax rates<\/a>,&rdquo; <strong>Chris Edwards<\/strong>, an economist with the libertarian-leaning Cato Institute, told Zachary. &ldquo;The child tax credit doesn&rsquo;t do anything for economic growth because it doesn&rsquo;t affect incentives to work and invest. It&rsquo;s just sort of giving people money.&rdquo;<\/p>\n<p><em>Click <\/em><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3115857\/welfare-or-cat-ladies-coming-fight-child-tax-credit\/\" target=\"_blank\" rel=\"noopener\" title><em>here<\/em><\/a><em>  to read more about the child tax credit fight.<\/em><\/p>\n<h2 class=\"wp-block-heading\">Harris plays defense on policy until she has to turn on Biden<\/h2>\n<p>Vice President <strong>Kamala Harris <\/strong>is running out of time and opportunity to define herself as distinct from Biden. Not that it will be easy, or optically pleasurable, for the vice president to apply for her boss&rsquo;s job while she&rsquo;s on the clock as his No. 2. Creating space between herself and Biden means criticizing the work they&rsquo;ve done for the last 3 1\/2 years &mdash;&nbsp;after spending all of that time preparing to take over after Biden was no longer eligible for office rather than replacing him in a bitter turf war.&nbsp;<\/p>\n<p>To date, Harris has largely evaded committing to any policy plan. She did come out in favor of not taxing tips &mdash; though she immediately ran into criticism that she was late to that party after Trump announced his support for the policy earlier this year.&nbsp;<\/p>\n<p>Her entrance into the race has brought a surge of excitement, volunteers, voter registrations, and cash. Instead of giving any of those new, bright-eyed Democrats coming back into the fold they appear to have left when Biden was in charge, Harris is playing the waiting game.&nbsp;<\/p>\n<p>With time running out, White House Reporter <strong>Naomi Lim <\/strong>laid out how Harris has positioned herself and what it is going to look like when she has no other choice but to put her policy plans up against Trump&rsquo;s.&nbsp;<\/p>\n<p>&ldquo;Harris&rsquo;s campaign has embraced Biden&rsquo;s more centrist record to shield her from criticism regarding more liberal policies she adopted in the past, including backing<a href=\"https:\/\/www.washingtonexaminer.com\/tag\/medicare-for-all\/\" target=\"_blank\" rel=\"noopener\" title> Medicare for All<\/a>, the<a href=\"https:\/\/www.washingtonexaminer.com\/tag\/green-new-deal\/\" target=\"_blank\" rel=\"noopener\" title> Green New Deal<\/a>,<a href=\"https:\/\/www.washingtonexaminer.com\/tag\/black-lives-matter\/\" target=\"_blank\" rel=\"noopener\" title> Black Lives Matter<\/a>, expanding the<a href=\"https:\/\/www.washingtonexaminer.com\/tag\/supreme-court\/\" target=\"_blank\" rel=\"noopener\" title> Supreme Court<\/a>, a<a href=\"https:\/\/www.washingtonexaminer.com\/tag\/gun-control\/\" target=\"_blank\" rel=\"noopener\" title> mandatory gun buyback program<\/a>, a<a href=\"https:\/\/www.washingtonexaminer.com\/tag\/gun-control\/\" target=\"_blank\" rel=\"noopener\" title> fracking ban<\/a>, even<a href=\"https:\/\/www.washingtonexaminer.com\/news\/campaigns\/presidential\/3106367\/harris-reverses-support-federal-job-guarantee\/\" target=\"_blank\" rel=\"noopener\" title> a federal job guarantee<\/a>, as recently as her unsuccessful<a href=\"https:\/\/www.washingtonexaminer.com\/tag\/2020-elections\/\" target=\"_blank\" rel=\"noopener\" title> 2020 Democratic primary bid<\/a>,&rdquo; Naomi wrote. &ldquo;But it has also endeavored to posture her toward the future, for instance, through her catch-cry, &lsquo;We&rsquo;re not going back!&rsquo;&rdquo;<\/p>\n<p>It&rsquo;s a fine line she is walking. She is simultaneously painting herself as Biden&rsquo;s successor &mdash; continuing to get the job done that he started.&nbsp;And his replacement &mdash; looking to the future of what the Democratic Party can be, unburdened by what it has been.&nbsp;<\/p>\n<p>Republicans are fighting tooth and nail to latch Harris to the Biden administration&rsquo;s flagpole. They are either looking back to her 2019 run for president, when she ran much farther to the left than Biden,&nbsp;or to what she&rsquo;s done in the White House to date.&nbsp;<\/p>\n<p>That strategy may or may not be working. Harris has a slight lead over Trump in the <a href=\"https:\/\/www.realclearpolling.com\/polls\/president\/general\/2024\/trump-vs-harris\" target=\"_blank\" rel=\"noopener\" title><em>Real Clear Politics <\/em>polling average<\/a> three weeks into their matchup.&nbsp;<\/p>\n<p>Pinning immigration and border policy plans on Harris might stick, but as Naomi wrote, tying the administration&rsquo;s record on the economy and inflation to her rather than Biden is a knot that won&rsquo;t tighten.&nbsp;<\/p>\n<p>&ldquo;Where Democrats broadly can be viewed as weaker on certain issues &mdash; like<a href=\"https:\/\/www.washingtonexaminer.com\/tag\/inflation\/\" target=\"_blank\" rel=\"noopener\" title> inflation<\/a> &mdash; Harris carries less baggage, and trust in her hasn&rsquo;t changed despite the efforts by Team Trump,&rdquo; Priorities USA wrote last week in a memo.<\/p>\n<p>&ldquo;A<a href=\"https:\/\/slingshotstrat.us2.list-manage.com\/track\/click?u=865564f828935557f0d1f56d1&amp;id=fc18777bfc&amp;e=eb25ee0b84\"> separate Bl<\/a><a href=\"https:\/\/slingshotstrat.us2.list-manage.com\/track\/click?u=865564f828935557f0d1f56d1&amp;id=fc18777bfc&amp;e=eb25ee0b84\" target=\"_blank\" rel=\"noopener\" title>ueprint poll<\/a> found voters blame Harris &lsquo;far less than President Biden for inflation, trusting her more than Biden on nearly every issue, and wanting to hear more about Harris and her policies than about Trump,&rsquo;&rdquo; Naomi wrote.&nbsp;<\/p>\n<p>What comes next, and what could make or break her support, is how she turns the knife on Biden.&nbsp;<\/p>\n<p>&ldquo;Harris trails Trump by a lot among voters who say that either the economy or<a href=\"https:\/\/www.washingtonexaminer.com\/tag\/immigration\/\" target=\"_blank\" rel=\"noopener\" title> immigration<\/a> are the most important issues,&rdquo; Suffolk University Political Research Center Director <strong>David Paleologos<\/strong> told Naomi.<\/p>\n<p>&ldquo;If she defends Biden unequivocally, she point-blank loses on those two issues, which she cannot afford to do,&rdquo; Paleologos said. &ldquo;Therefore, she needs to carve out where she would do things differently on these issues or suggest new policies, so long as she doesn&rsquo;t throw Biden under the bus in the meantime, which would be seen as disloyal and opportunistic. It&rsquo;s a tricky needle to thread.&rdquo;<\/p>\n<p><em>Click <\/em><a href=\"https:\/\/www.washingtonexaminer.com\/news\/campaigns\/presidential\/3118465\/harris-contends-biden-record-her-own\/\" target=\"_blank\" rel=\"noopener\" title><em>here<\/em><\/a><em>  to read more about what struggles Harris has to overcome to maintain her momentum.<\/em><\/p>\n<h2 class=\"wp-block-heading\">Trump trial timeouts<\/h2>\n<p>Special counsel <strong>Jack Smith <\/strong>looked like he changed his mind last week when he went to U.S. District Judge <strong>Tanya Chutkan <\/strong>and asked her to pump the brakes on his case against Trump. The former president&rsquo;s trial for his actions on Jan. 6, 2021, has moved at a snail&rsquo;s pace since the Supreme Court announced it would hear arguments from his team regarding presidential immunity.&nbsp;<\/p>\n<p>When the court determined Trump had broad protections for official acts he made while in office, Chutkan was given the green light to start the case back up, though with vague guidelines that created strict rules around what Trump could be charged with and what he warranted an &ldquo;official act&rdquo; that left Smith without a legitimate way to prosecute him.&nbsp;<\/p>\n<p>Chutkan was anxious to get started. Trump was not. And last week, Smith signaled his own hesitation to rush forward, asking Chutkan to postpone a deadline for filings before she created a new schedule for the case to move forward.&nbsp;<\/p>\n<p>Supreme Court Reporter <strong>Kaelan Deese <\/strong>broke down what might have sparked Smith&rsquo;s change of heart for us this morning.<\/p>\n<p>Reasons for all but destroying the possibility of putting Trump back in a courtroom to stand trial before Election Day range from procedural planning to confidence Nov. 5 won&rsquo;t be an end point for chances to move forward with the charges.&nbsp;<\/p>\n<p>&ldquo;Without explicit explanation, Smith&rsquo;s office indicated that the Department of Justice at large was taking a broader look at the impacts of the immunity decision not just in the Trump case, but how its precedent may impact other divisions at the agency,&rdquo; Kaelan wrote.<\/p>\n<p>The court&rsquo;s presidential immunity ruling was sweeping and vague. It put the impetus on lower courts and prosecutors to determine what actions might fall under the &ldquo;absolute immunity&rdquo; standard and what could conceivably be argued were outside the realm of &ldquo;official&rdquo; acts. Smith and the Department of Justice might simply be shoring up their arguments and evidence to make sure they aren&rsquo;t preparing to head down a trail that will be blocked by Chutkan or another judge.&nbsp;<\/p>\n<p>There&rsquo;s also the possibility that Smith is working on bringing more charges against more people involved in the case. He could also be altering the charges he wants to levy against Trump, now that he has clearer guidelines &mdash;&nbsp;assuming any win he notches will be challenged.&nbsp;<\/p>\n<p>Smith included a slew of unindicted co-conspirators &mdash;&nbsp;unnamed but commonly identified as <strong>Rudy Giuliani<\/strong>, lawyer <strong>John Eastman<\/strong>, lawyer <strong>Sidney Powell<\/strong>, former DOJ official <strong>Jeff Clark<\/strong>, and lawyer <strong>Ken Chesebro<\/strong> &mdash; who could also be indicted.&nbsp;<\/p>\n<p><em>Click <\/em><a href=\"https:\/\/www.washingtonexaminer.com\/news\/3118792\/three-reasons-smith-wanted-delay-trump-2020-election-case\/\" target=\"_blank\" rel=\"noopener\" title><em>here<\/em><\/a><em>  to read more about why Smith might want to delay &mdash; and how the presidential election could play into his calculus.<\/em><\/p>\n<h2 class=\"wp-block-heading\">New from us<\/h2>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/opinion\/3118647\/kamala-record-immigration\/\" target=\"_blank\" rel=\"noopener\" title>Kamala has a record on immigration<\/a><\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/news\/campaigns\/presidential\/3119177\/republicans-turn-panic-about-their-nominee-polls\/\" target=\"_blank\" rel=\"noopener\" title>It&rsquo;s Republicans&rsquo; turn to panic about their nominee and the polls<\/a><\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/news\/campaigns\/presidential\/3118707\/walz-called-hitler-promoting-cleric-master-teacher\/\" target=\"_blank\" rel=\"noopener\" title>Tim Walz called Hitler-promoting cleric a &lsquo;master teacher&rsquo; at Islamic center event<\/a><\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/news\/campaigns\/congressional\/3118837\/ilhan-omar-primary-challenge-turns-ugly-squad-democrat-seeks-fourth-term\/\" target=\"_blank\" rel=\"noopener\" title>Ilhan Omar primary challenge turns ugly as &lsquo;Squad&rsquo; Democrat seeks fourth term<\/a><\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/news\/3118355\/tim-walz-education-record-teachers-union-capitulation-left-wing-priorities\/\" target=\"_blank\" rel=\"noopener\" title>Tim Walz education record shows teachers union capitulation and left-wing priorities<\/a><\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/immigration\/3118253\/hhs-lost-migrant-children-house-gop\/\" target=\"_blank\" rel=\"noopener\" title>HHS under GOP fire for putting migrant children &lsquo;in danger&rsquo;<\/a><\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/news\/campaigns\/congressional\/3115410\/bernie-sanders-easy-path-fourth-term-2024\/\" target=\"_blank\" rel=\"noopener\" title>Bernie Sanders, 82, eyes his legacy beyond a Tuesday win in Vermont<\/a><\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/news\/campaigns\/congressional\/3119180\/jim-jordan-election-ohio-fundraising-tamie-wilson\/\" target=\"_blank\" rel=\"noopener\" title>Jim Jordan opponent reaches $1 million mark amid Kamala Harris excitement<\/a><\/p>\n<h2 class=\"wp-block-heading\">In case you missed it<\/h2>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/news\/campaigns\/presidential\/3118777\/five-takeaways-trump-x-conversation-elon-musk-marred-rocky-start\/\" target=\"_blank\" rel=\"noopener\" title>Eventually, presidential candidates are going to stop sitting down with Elon Musk on Spaces<\/a><\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/news\/senate\/3119193\/nrsc-cancels-ads-ohio-senate\/\" target=\"_blank\" rel=\"noopener\" title>NRSC changes course on spending in Ohio<\/a><\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3118502\/zynsurrection-walz-zyn-tax-minnesota\/\" target=\"_blank\" rel=\"noopener\" title>Zyn is a sin Walz is making people pay top-dollar for<\/a><\/p>\n<h2 class=\"wp-block-heading\">For your radar<\/h2>\n<p>Biden will travel to New Orleans for an event related to his &ldquo;Cancer Moonshot.&rdquo; He will tour a facility and deliver remarks at 4:30 p.m. Eastern.&nbsp;<\/p>\n<p>Harris has nothing on her public schedule.&nbsp;<\/p>\n<p>White House press secretary Karine Jean-Pierre will gaggle with reporters on Air Force One en route to New Orleans.&nbsp;<\/p>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1729329\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1729329\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wake up with the Washington Examiner: Child tax credit dilemma, anticipation of Harris&#8217;s critique of Biden, and reasons behind Smith&#8217;s delay on the child tax credit debate. <\/p>\n<p>Next year, Democrats and Republicans will find themselves in an unusual situation as they face the expiration of former President Donald Trump&#8217;s key achievement, leaving a new Congress to reconsider the tax code. The oddity lies not in Congress needing to address future taxes but in the rare consensus that revising the child tax credit benefits everyone involved. In this second installment of our series on the impending &#8220;tax cliff,&#8221; Economics and Business Reporter Zachary Halaschak explores how one of the most favored tax proposals might be revitalized.<\/p>\n<p>To summarize from Zachary: &#8220;The child tax credit was introduced with bipartisan support in 1997 under President Bill Clinton, allowing eligible parents to deduct a specific amount from their federal income taxes. Initially nonrefundable\u2014meaning filers couldn&#8217;t receive more than what they owed\u2014the credit was increased by President George W. Bush from $500 to $1,000 and made partially refundable for some low-income families. Over time, various administrations have adjusted it subtly; however, Trump&#8217;s Tax Cuts and Jobs Act effectively doubled it for families.&#8221;<\/p>\n<p>Politicians across party lines are unlikely to gain votes by reducing taxpayer checks. Providing an additional $2,000 during tax season is politically advantageous despite complex economic arguments urging a different approach to this popular policy.<\/p>\n<p>Democrats expanded this credit through President Joe Biden\u2019s significant American Rescue Plan Act (ARP), raising it up to $3,600 for children under six and $3,000 for older children before reverting back at 2021&#8217;s end when ARP funding expired\u2014a figure they aim to restore during upcoming negotiations about its future.<\/p>\n<p>Republicans prefer a smaller credit but are focused on implementing work requirements for any payments while also indexing returns against inflation\u2014raising base payments while safeguarding their value amid uncertain economic conditions.<\/p>\n<p>Critics argue that lawmakers should prioritize policies that stimulate employment and investment rather than simply distributing cash directly into individual accounts. The child tax credit is costly; although it can benefit individual families significantly, its broader impact is limited. Chris Edwards from the Cato Institute noted that \u201cthe more funds allocated toward extending or expanding this bill will reduce resources available for initiatives better suited for economic growth like lowering overall tax rates,\u201d emphasizing that \u201cthe child tax credit doesn\u2019t enhance economic growth since it doesn\u2019t influence work or investment incentives\u2014it merely provides financial assistance.\u201d<\/p>\n<p>In other news regarding Vice President Kamala Harris: she faces pressure as time runs out for her to distinguish herself from Biden without appearing disloyal while seeking his job as his second-in-command. Criticizing their joint efforts over three-and-a-half years complicates her position after preparing all along to succeed him rather than engage in conflict over territory.<\/p>\n<p>So far Harris has avoided committing firmly to any policy plans aside from supporting non-taxation on tips\u2014a stance criticized as being late after Trump expressed similar support earlier this year.<\/p>\n<p>Her campaign has generated excitement among volunteers and voters alike; however instead of energizing these returning Democrats who seemed disillusioned under Biden\u2019s leadership she appears hesitant\u2014playing a waiting game amidst dwindling timeframes according to White House Reporter Naomi Lim who outlines how Harris must eventually confront Trump with her policy proposals.<\/p>\n<p>Harris\u2019s strategy involves embracing Biden\u2019s centrist record while distancing herself from past liberal positions such as Medicare-for-All or expanding Supreme Court seats\u2014all while trying not alienate potential supporters by appearing too critical of her predecessor&#8217;s administration which could be seen negatively by voters concerned about issues like inflation or immigration where she currently trails Trump significantly according Suffolk University Political Research Center Director David Paleologos\u2019 insights shared with Naomi Lim indicating if she defends Biden too strongly she&#8217;ll lose ground on those crucial topics requiring careful navigation between loyalty towards him versus asserting distinctiveness necessary moving forward into election season ahead!<\/p>\n<p>Lastly regarding Special Counsel Jack Smith: he recently requested U.S District Judge Tanya Chutkan delay proceedings against Trump related January 6th events citing hesitance stemming possibly due procedural planning concerns surrounding presidential immunity rulings impacting broader implications beyond just Trump&#8217;s case itself potentially affecting other divisions within DOJ leading them reassess strategies before proceeding further down legal paths fraught uncertainties ahead!<\/p>\n","protected":false},"author":2702,"featured_media":2323631,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/08\/harris-biden-difference-policy.webp","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[32502,36574,32438,33017,32076],"class_list":["post-2323630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-biden-administration","tag-child-tax-credit","tag-kamala-harris","tag-political-analysis","tag-washington-examiner"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/08\/harris-biden-difference-policy.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2323630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2702"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2323630"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2323630\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2323631"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2323630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2323630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2323630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}