May 7, 2019 - Politics & Policy

Kamala Harris says she would fully repeal and replace GOP tax law

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

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Axios

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

Global: Total confirmed cases as of 2 p.m. ET: 19,451,097 — Total deaths: 722,835 — Total recoveries — 11,788,665 — Map.
U.S.: Total confirmed cases as of 2. p.m. ET: 4,968,413 — Total deaths: 161,858 — Total recoveries: 1,623,870 — Total tests: 60,415,558 — Map.
Public health: Fauci says chances are "not great" that COVID-19 vaccine will be 98% effective.
Science: Indoor air is the next coronavirus frontline.
Schools: How back-to-school is playing out in the South as coronavirus rages on — Princeton, Johns Hopkins, Howard to hold fall classes online.

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Rashaan Ayesh

3 hours ago - World

What's next for Lebanon after the Beirut explosion

Photo: Houssam Shbaro/Anadolu Agency via Getty Images

Beirut residents are still clearing rubble from streets that appear war-torn, days after a blast that shocked the country and horrified the world.

Why it matters: The explosion is likely to accelerate a painful cycle Lebanon was already living through — discontent, economic distress, and emigration.

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Mike Allen

4 hours ago - Politics & Policy

Wolf Blitzer marks 15 years in "The Situation Room"

Wolf Blitzer on the White House beat in 1993, along with NBC's Brian Williams, CBS' Rita Braver and ABC's Brit Hume. Photo: Paul J. Richards/AFP via Getty Images H

Aug. 8, 2005 — "The Situation Room's" debut on CNN wherein the host first said: "I'm Wolf Blitzer and you're in The Situation Room, where news and information from around the world arrive in one place simultaneously!"

The state of play: When the pandemic took off in the U.S. in March, Blitzer started working 7 days a week for 60+ days, until he took a Sunday off. Then he continued 7 days a week until he took a few days off.