Previously published on September 23, 2024 in
I’m an Economist: 3 Reasons I Believe Harris’ Opportunity Economy Could Help Retirees
Recently, U.S. Vice President Kamala Harris spoke about her plan to lift up the middle class and working people of America as she runs for president.
“I believe in the ambition, the aspirations, and the dreams of the American people. And that is why I imagine and have actually a plan to build what I call an opportunity economy,” she said.
Although this plan seems to be primarily geared toward working individuals, it’s possible that it could benefit retirees as well.
Certain Tax Credits May Help a Small Group of Retirees (at Least Indirectly)
Some of the tax credits noted in Harris’ “opportunity economy” could benefit some retirees, but it might not be that many.
“She is proposing generous child tax credits, which are applicable, I suspect, to only very few retirees, except maybe indirectly,” Ezrati said. “An enlargement of the earned income tax credit would help only that small proportion of retirees who are still involved in the workplace and toward the bottom of the income distribution.”
