U.S. Treasury Sec Yellen Says Vice President Harris Has Voiced Support For Not Raising Taxes On Middle Income Taxpayers; Harris Has Been Supportive Of Biden Initiatives To Make Child Care More Affordable, Make Expanded Child Tax Credit Permanent
Portfolio Pulse from Benzinga Newsdesk
U.S. Treasury Secretary Janet Yellen stated that Vice President Kamala Harris supports not raising taxes on middle-income taxpayers. Harris has also been supportive of President Biden's initiatives to make child care more affordable and to make the expanded Child Tax Credit permanent.
July 30, 2024 | 3:25 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) may see a positive impact as Vice President Harris supports not raising taxes on middle-income taxpayers and backs initiatives to make child care more affordable and the expanded Child Tax Credit permanent.
Support for not raising taxes on middle-income taxpayers and backing child care affordability and Child Tax Credit initiatives could boost consumer spending and economic stability, positively impacting the broader market represented by SPY.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50