Child Tax Credit Expansion Sets Up Showdown With Gop

WASHINGTON (AP) — The massive coronavirus relief plan making its way to President Joe Biden’s desk includes a plan to temporarily raise the child tax credit that could end up permanently changing the way the country deals with child poverty. It also sets up a potential political showdown with Republicans over an issue that Democrats believe could drive significant wins for the party in the 2022 midterm elections and beyond. The American Rescue Plan, expected to receive final approval this week, temporarily raises the child tax credit, now at a maximum of $2,000, to as much as $3,600 per child annually.Read more on NewsOK.com

BING NEWS:
  • Hawley pitches massive increase to child tax credit
    Sen. Josh Hawley (R-Mo.) is proposing a huge expansion of the child tax credit (CTC), setting up a potential fight with budget hawks as GOP lawmakers work to hash out their priority tax bill.
    12/17/2024 - 3:51 am | View Link
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