If Kamala wants a child tax credit...

[raleighherdfan]

why did she vote against it in 2017?

 

[herdfan06]

why did she vote against it in 2017?

Did it include other fluff?...

 

[raleighherdfan]

Did it include other fluff?...

It was a tax cut bill. You tell me where the "fluff" is:

How the TCJA Affected Individuals​

• Income Tax Rates: The law retained the seven individual income tax brackets. The top rate fell from 39.6% to 37%, while the 33% bracket dropped to 32%, the 28% bracket to 24%, the 25% bracket to 22%, and the 15% bracket to 12%. The lowest bracket remained at 10%, and the 35% was unchanged.167
• Standard Deduction: TCJA significantly raised the standard deduction. For tax year 2024, the standard deduction for single filers is $14,600 and $29,200 for married couples filing jointly.8
  Internal Revenue Service. "IRS Provides Tax Inflation Adjustments for Tax Year 2024."
• Personal Exemption: The law suspended the personal exemption, which was $4,150, through 2025.9
• Health Coverage Mandate: TCJA ended the individual mandate, a provision of the Affordable Care Act (ACA) that levied tax penalties for individuals who did not obtain health insurance coverage.
• Child Tax Credit: The law raised the child tax credit to $2,000 and created a non-refundable $500 credit for non-child dependents. The child tax credit can only be claimed if the taxpayer provides the child's Social Security number (SSN). Qualifying children must be younger than 17 years of age. The child credit begins to phase out when adjusted gross income (AGI) exceeds $400,000 (for married couples filing jointly, not indexed to inflation). These changes expire in 2025.10

• Estate Tax: The law temporarily raised the estate tax exemption. For single filers, the maximum is $13.6 million for 2024. This change will be reversed after 2025.8
• Student Loans: TCJA allows 529 plans to fund K to 12 private school tuition—up to $10,000 per year, per child. Under the SECURE Act of 2019, the benefits of 529 plans were expanded, allowing plan holders to withdraw a maximum lifetime amount of $10,000 per beneficiary penalty-free to pay down qualified student debt.11
• Retirement Savings: The law repealed the ability to recharacterize one kind of contribution as the other, that is, to retroactively designate a Roth contribution as a traditional one, or vice-versa. Since the passing of the Setting Every Community Up for Retirement Enhancement (SECURE) Act in December 2019, individuals can contribute to Individual Retirement Accounts (IRAs) past 70½. Health savings accounts (HSAs) were not affected by the law.12
• Alternative Minimum Tax: The law temporarily raised the exemption amount and exemption phase-out threshold for the alternative minimum tax (AMT), a device intended to curb tax avoidance among high earners by making them estimate their liability twice and pay the higher amount.13
• Mortgage Interest: TCJA limits the mortgage interest deduction for married couples filing jointly to $750,000 worth of debt, down from $1,000,000 under the old law, but up from $500,000 under the House bill. The change expires after 2025.14
• Pease Limitation: The law repealed the Pease limitation on itemized deductions and gradually reduced their value when adjusted gross income exceeds a certain threshold.15
• Miscellaneous Itemized Deductions: Through 2025, miscellaneous itemized deductions suspended include deductions for moving expenses, except for active-duty military personnel and union dues.16
  NOLO. "Miscellaneous Itemized Deductions: No Longer Deductible."

 

[HerdandHokies]

Gonna bet it was the dismantling of the ACA that prompted the vote against.

 

[raleighherdfan]

Gonna bet it was the dismantling of the ACA that prompted the vote against.

What got dismantled in the ACA? It still exists.

 

[herdfan06]

What got dismantled in the ACA? It still exists.

He did not say it got dismantled.