Harris/Walz

The platform of Kamala Harris and Tim Walz is called “A New Way Forward” …

Taxes:

Cut taxes for 100 million Americans, with no income tax increases for anyone earning less than $400,000 per year.

Restore the expanded Child Tax Credit from the early years of the Biden administration, to as much as $3,600. 

Expand the Child Tax Credit to provide up to $6,000 in tax relief for middle- and low-income families for the first year of a child’s life.

Raise the corporate tax rate to 28%, “still well below the rate that was in place before the Trump tax cuts,” which expire in 2025.

Affordable housing: 

Partner with the private sector to build 3 million additional homes, via the Neighborhood Homes Tax Credit.

Launch a $40 billion Local Innovation Fund for housing expansion.

Offer first-time homebuyers $25,000 in down-payment assistance.

Expand the Low-Income Housing Tax Credit for private and non-profit developers to expand the affordable rental supply by more than 1.2 million new homes.

Crack down on large corporate landlords using equity-backed price-setting tools via a proposed Preventing the Algorithmic Facilitation of Rental Housing Cartels Act and stop Wall Street investors from buying up homes in bulk.

Create a new Neighborhood Homes Tax Credit to support new construction or rehabilitation of more than 400,000 owner-occupied homes.

‘Opportunity Economy’:

Spur creation of 25 million new business applications by expanding the start-up expense deduction for new businesses to $50,000 from the current $5,000.

Reduce obstacles and red tape that “make it harder to grow a small business.”

Invest in workers, innovation and industry to revitalize American manufacturing, strengthen the US industrial base and maintain a lead in cutting-edge technologies.

Food/Grocery Costs:

Invest in “building resilient food supply chains” by expanding production among new suppliers and small farms, growers and processors to create broad-based supply chains.

Crack down on “unfair” mergers and acquisitions among big food corporations. Investigate and prosecute price-fixing. 

Assure that the federal government has the resources to identify and take on anti-competitive food and grocery industry practices.

Call on Congress to pass a federal ban on price gouging.

Health Care:

Expand and make permanent tax credit enhancements for Affordable Care Act (ACA, or “Obamacare”) marketplace plans.

Extend the $35 cap on insulin and $2,000 cap on out-of-pocket drug costs to all Americans.

Accelerate the speed of Medicare prescription drug negotiations.

“Crack down” on pharmaceutical companies that block competition and on abusive practices who “squeeze” small pharmacies’ profits and raise costs for consumers.

Energy Costs:

Continue to invest in a clean energy economy and cut red tape so clean energy projects are “completed quickly and efficiently.” The Harris/Walz platform says the Biden administration’s Inflation Reduction Act has made “more than $265 billion in clean energy investments creating more than 330,000 jobs.” 

Continue home energy technology credits from the Inflation Reduction Act and secure more than $22 billion in financial assistance for households to maintain safe and healthy indoor temperatures.

Immigration:

Harris plans to push Congress to pass through the bipartisan border security bill drafted earlier this year. The bill, which was supported by the National Border Patrol Council (union for border agents) would add thousands of border patrol and other immigration personnel, speed up immigration decisions and make it harder to claim asylum in the US (per Time). 

Foreign Policy

Stand up against dictators and ”defend America’s interests and democracy,” and US interests in Ukraine, South Korea, Israel and elsewhere.

Abortion:

Supports ending the filibuster, a procedural hurdle requiring 60 Senate votes, to make it possible to reinstate Roe v. Wade, which protects abortions up to the time of fetal viability – about 20 weeks -- as the law of the land. Democrats would likely need to retain their slim Senate majority after November 5 in order to have enough votes to remove the filibuster. The platform opposes allowing states from imposing restrictions on abortion (per The Washington Post).