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Sen. Kamala Harris. Photo: Ethan Miller/Getty Images

2020 Democratic presidential candidate Sen. Kamala Harris (D-Calif.) said Monday that she would "get rid of the whole" GOP tax overhaul passed by Republicans in 2017 and replace it with her proposed LIFT the Middle Class Act — an expansion of the earned income tax credit, Bloomberg reports.

Why it matters: Repealing Trump's tax bill — which polls show has become increasingly unpopular, having delivered most of the benefits to the wealthy — would affect almost every tax-paying American, Bloomberg notes. It would cut both the child tax credit in half and standard deduction for a couple filing jointly in half, while also raising the corporate tax rate from 21% to 35%, per Bloomberg.

  • Harris' proposed replacement, the LIFT Act, would provide refundable tax credits of up to $6,000 per year for families earning less than $100,000 annually and $3,000 for single filers earning less than $50,000.

Go deeper: Everything you need to know about 2020 candidate Kamala Harris

Go deeper

Updated 2 hours ago - Politics & Policy

House cancels Thursday session as FBI, Homeland Security warn of threat to Capitol

Photo: Eric Baradat/AFP via Getty Images

The FBI and Department of Homeland Security predict violent domestic extremists attacks will increase in 2021, according to a report obtained by Axios.

Driving the news: The joint report says extremists have discussed plans to take control of the Capitol and "remove Democratic lawmakers" on or about March 4. The House canceled its plans for Thursday votes as word of the possible threats spread.

3 hours ago - World

Pope Francis set to make first papal visit to Iraq amid possible turmoil

Data: Vatican News; Map: Danielle Alberti/Axios

Pope Francis is forging ahead with the first papal trip to Iraq despite new coronavirus outbreaks and fears of instability.

The big picture: The March 5–8 visit is intended to reassure Christians in Iraq who were violently persecuted under the Islamic State. Francis also hopes to further ties with Shiite Muslims, AP notes.

"Neanderthal thinking": Biden slams states lifting mask mandates

States that are relaxing coronavirus restrictions are making "a big mistake," President Biden told reporters on Wednesday, adding: "The last thing we need is Neanderthal thinking."

Driving the news: Texas Gov. Greg Abbott (R) said Wednesday he will end all coronavirus restrictions via executive order, although some businesses are continuing to ask patrons to wear face masks. Mississippi is lifting its mask mandate for all counties Wednesday, per Gov. Tate Reeves (R).