Vice President Kamala Harris has proposed an extension of the child tax credit, which could $6,000 tax credit for families with newborns.

“We will give families a $6,000 tax credit in the first year of a child’s life,” Harris said during the election campaign.

The plan would have cross-party support A similar plan was announced by JD Vance for the Republicans, who are pushing for a $5,000 credit.

Both parties seem to agree that the expanded Covid-19 child allowance is a popular plan and a potential winner of the November election. This was a temporary measure that provided up to $3,600 per child.

Who would benefit most from an increase in the child tax allowance?

Harris’ plan would benefit families especially in the first year of a child’s lifea time often marked by significant expenses such as cribs and diapers.

The proposed $6,000 tax credit is intended to ease financial pressure on families with newborns and thus benefit all sectors of society that need support.

This population group often faces increased financial challenges in the early stages of parenthood, including Loss of income due to parental leave. By granting this substantial tax credit

Harris wants to provide immediate financial relief and thereby support the stability and economic security of the family during a critical time.