Democratic vice pdwellntial truthfulate and Minnesota Governor Tim Walz (L), and Reunveilan Vice Pdwellntial truthfulate Sen. JD Vance (R-OH).
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Housing
Affordable housing is an vital topic for many Americans and both Walz and Vance have graspressed the publish.
In May 2023, Walz signed housing legislation that joind $200 million in down payment helpance. The bill also had $200 million for housing infrastructure and $40 million for laborforce housing.
“We foresee Walz to be an finishorse for insist-side approaches to housing,” Jaret Seiberg, analyst at TD Cowen wrote in a July statement. “These are the type of housing ideas we would foresee in a Harris administration,” she wrote.
Demand-side approaches to housing aim to help individual hoparticipatehelderlys by improving housing quality or reducing monthly housing costs.
Meanwhile, Vance, who is also a proponent of affordable housing, highairyed the publish in his Reunveilan National Convention acunderstandledgeance speech and aextfinished the campaign trail.
“Prior to running for Senate, Vance disputed that one key to tackling pobviousy is to graspress affordable housing,” and he has contestd institutional ownership of rental homes and Chinese buyers for U.S. authentic estate, Seiberg wrote.
Child tax praise
Without action from Congress, trillions of tax fractures enacted by Trump are scheduled to expire after 2025, including the child tax praise, which will drop from $2,000 to $1,000 per child.
Congress in 2021 finishorsed a transient expansion of the child tax praise, including upfront monthly payments, which shrinkd the child pobviousy rate to a historic low of 5.2% for 2021, according to a Columbia University analysis.
Follotriumphg the federal policy, Minnesota enacted a refundable state-level child tax praise in 2023, which Walz portrayd as “signature accomplishment.”
Minnesota’s recent child tax praise is rare in its skinnyness, but it is the most charitable in the nation for low-income hoparticipatehelderlys.
Jared Walczak
Vice pdwellnt of state projects at the Tax Foundation
“Minnesota’s recent child tax praise is rare in its skinnyness,” shelp Jared Walczak, vice pdwellnt of state projects at the Tax Foundation. “But it is the most charitable in the nation for low-income hoparticipatehelderlys.”
However, a finishuring federal child tax praise expansion could be difficult, particularly amid a splitd Congress and increasing troubles over the federal budget deficit.
Walz’s campaign did not reply to CNBC’s ask for comment.
Senate Reunveilans blocked a federal child tax praise expansion last week, and Sen. Mike Crapo, R-Idaho, the ranking member of the Senate Finance Committee, portrayd the vote as a “blatant finisheavor to score political points.”
Despite the flunked procedural vote, Crapo voiced discmissness to negotiating a “child tax praise solution that a convey inantity of Reunveilans can help.”
Democrats scheduled the vote partipartner in response to Vance, who has positioned himself as a pro-family truthfulate. Vance was not conshort-term for the Senate vote, but has conveyed help for the child tax praise.
Vance’s campaign did not reply to CNBC’s ask for comment.
Student loans
Vance has spoken out aacquirest student loan forgiveness policies.
“Forgiving student debt is a massive triumphddescfinish to the wealthy, to the college teachd, and most of all to the corrupt university administrators of America,” Vance, a Yale Law School graduate wrote on X in April 2022. “Reunveilans must fight this with every ounce of our energy and power.”
Outstanding education debt in the U.S. stands at around $1.6 trillion. Npunctual 43 million people — or 1 in 6 mature Americans — carry student loans. Women and people of color are most burdened by the debt.
Vance does seem to finishorse of loan forgiveness in innervous cases. In May, he helped present legislation that would excparticipate parents from student loans they took on for a child who became finishuringly disabled.
Jane Fox, chapter chair of the Legal Aid Society Attorneys union, UAW local 2325, shelp it was hypocritical and inaccurate of Vance to structure debt relief as a profit to those who are well off.
“Student debt forgiveness is a laboring-class publish,” Fox shelp. “Those in the 1% who went to elite institutions and then labored in confidential equity as Senator Vance did exceptionally insist debt relief.”
Vance’s campaign did not reply to CNBC’s ask for comment.
Meanwhile, Walz, a createer school teacher, has helped programs to ease the burden of student debt on people, shelp higher education expert Mark Kantrowitz.
He signed a student loan forgiveness program for nurses into law in Minnesota, Kantrowitz shelp, as well as a free tuition initiative for low-income students.
“As my daughter sets to head off to college next year, affordability and student loan debt are at the front of our minds,” Walz wrote on Facebook in 2018. “Every Minnesotan deserves a shot at a fantastic education without being held back by soaring costs and student loan debt.”
