Harris and Trump both want major tax changes. Here's what they're proposing — and the impact on you.
CBSN
Vice President Kamala Harris and former President Donald Trump are both proposing tax changes that would rank among the largest in U.S. history, but their plans would impact very different groups of Americans by providing tax credits and cuts to some taxpayers, while raising taxes on others.
While taxes are always on the ballot during an presidential election, the 2024 race has even more at stake given that many provisions in Trump's signature tax legislation, the 2017 Tax Cuts & Jobs Act, will expire at the end of 2025. If Trump wins, he's expected to extend many of those provisions, while Harris has vowed to only keep those that help people earning under $400,000.
At the same time, both candidates have sought to curry favor with some groups of voters by promising specific tax cuts and credits, such as Harris' plan to introduce a $6,000 Child Tax Credit for parents of newborns. Trump, meanwhile, has dangled a host of tax cuts to everyone from senior citizens (promising to get rid of income taxes on Social Security) to tipped workers (vowing to eliminate taxes on tips).
The U.S. president hasn't been given a raise in more than 20 years.
Nogales, Mexico — Migrants from all corners of the globe, from Latin America to far-flung countries in Africa and Asia, come to a shelter in this northern Mexican city hoping to enter the U.S. and escape economic hardship and, in some cases, deadly danger.
Until polls close on Election Day, millions of people across the United States are casting ballots for their preferred candidates to succeed President Biden in the White House. But determining the winner is not as simple as totaling up how many people voted for Vice President Kamala Harris or former President Donald Trump, because of the Electoral College.
Donald Trump may have joined the ranks of America's richest people through his real estate holdings, from golf courses to hotels, but it's his stake in the fledgling Trump Media & Technology Group that has more than doubled his net worth to $5.5 billion this year.
U.S. and European law enforcement agencies are working together to investigate whether incendiary devices detonated in July at DHL logistics hubs in Germany and the U.K. were part of a larger operation directed by Russian Intelligence services (in particular, the GRU — Russian military intelligence), the highest level of the Russian government or by outside individuals acting in the interests of Russia, a source familiar with the matter said.
Boeing's 33,000 unionized machinists on Wednesday voted to approve the plane manufacturer's latest contract offer, ending a seven-week strike that had halted production of most of the company's passenger planes.
SpaceX launched an unpiloted Dragon cargo ship Monday evening, an election eve flight to deliver three tons of crew supplies, science gear and other equipment to the International Space Station, including an unusual wooden satellite, a solar wind monitor and holiday fare for the lab's crew.
John Fervier, chairman of Georgia's State Election Board, is a mild-mannered corporate executive with a dry wit and an aversion to the spotlight. Yet in recent weeks he found himself at the center of a political storm as three of his MAGA-oriented board members pushed through rules that many believed would have caused chaos and confusion in Georgia during the presidential election.
On the eve of Election Day, tensions are high and voters are feeling anxious — that's been a theme throughout this entire election season.
As Americans head to the polls on Election Day 2024 to choose between former President Donald Trump and Vice President Kamala Harris, voters should know the required ID, if any, they need to present in order to submit their ballots depending on the state they are registered in.
More than 78 million voters cast their ballots early in the 2024 election, but millions more are expected to turn out to vote on Election Day. In some states, voter registration deadlines have already passed, but nearly half the states plus the District of Columbia allow same-day registration on Election Day for those who still want to register and vote.