credit plan

It has been estimated that a tax credit plan like Harris has proposed would reduce child poverty by nearly 50 percent and lift 5.6 million children out of poverty.

Douglas Holtz-Eakin, president of the conservative-leaning American Action Forum said “there is no question” that provisions in the tax credit plan are discriminatory to foreign manufacturers.

But the commission is deeply concerned about the domestic U.S. content and assembly requirements in the tax credit plan and claims this only favors certain mineral-rich countries, to the detriment of EU products exported to America.

Honda said in a letter Friday “this tax credit plan would pit Americans working for the three ‘legacy’ companies against the American workers of other automakers.”

Mr. Biden initially sought to include a $150 billion tax credit plan within his $3.5 trillion expansion of the federal safety net addressing electricity production.