How your tax bill might change under Harris or Trump
Aug 30, 2024
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Richard Rubin, a tax legislation journalist from the Wall Street Journal, discusses how your tax bill could radically shift depending on the next president, highlighting stark differences between Biden and Trump’s proposals. Will Carless from USA Today dives into the repercussions of the Telegram CEO’s arrest, affecting far-right movements in the U.S. The podcast also explores the significance of political events at Arlington Cemetery and unraveling legal challenges in the realm of internet privacy.
Harris's economic proposals include significant tax credits for first-time home buyers and families, potentially reshaping financial burdens.
The controversy surrounding Trump's Arlington visit highlights the importance of respecting memorial sites amidst political activities and regulations.
Deep dives
Vice President Harris on Economic Policies
Vice President Harris discussed her economic proposals during her first televised interview as the Democratic presidential nominee, emphasizing a tax credit of $25,000 for first-time home buyers to help achieve the American dream. She also plans to reinstate the expanded child tax credit, which could provide parents with up to $3,600, and even $6,000 for families with newborns, thereby addressing significant early-life costs. The Biden administration's strategy of raising taxes on high-income households and corporations while considering cuts for middle and lower-income families aligns closely with her plan. Only time will reveal the specifics of how tax policies may change depending on the upcoming election results and congressional control, as current details from campaigns remain scarce.
Controversy Surrounding Trump's Arlington Visit
Former President Trump's visit to Arlington National Cemetery has sparked controversy due to alleged misconduct by his campaign staff while filming at the grave sites of service members. The Army asserted that Trump's team was informed of federal regulations prohibiting political activity on cemetery grounds, particularly in sensitive areas designated for veterans of the Afghanistan and Iraq wars. Reports indicated that while some families consented to having Trump film there, others were reportedly upset as permissions were not sought for their loved ones' graves. The incident highlights the significant respect owing to the sanctity of Arlington and raises questions about the apolitical nature of such visits.
Legal Challenges for Telegram's CEO
The CEO of Telegram, Pavel Durov, has been arrested in France over serious allegations of enabling drug trafficking and child sex abuse content, amidst claims that he failed to assist in investigations regarding these crimes. As Telegram is known for its encryption and privacy measures, it has drawn criticism for being a platform where illegal activities can flourish undetected. Durov's situation underscores the complexities of privacy in technology, where safeguarding user conversations can inadvertently offer avenues for crime. His legal troubles reflect a broader struggle between privacy rights and public safety that tech companies face in various jurisdictions worldwide.
