'Let’s do it': MAGA Republican's bold proposal gets thumbs up from Dem
3 weeks, 4 days ago

'Let’s do it': MAGA Republican's bold proposal gets thumbs up from Dem

Raw Story  

A firebrand Republican senator and MAGA ally's new proposal just got a thumbs up from at least one Democratic lawmaker. “These are the people working class, people with families are who elected Donald Trump, and we need to deliver real and meaningful tax relief to them,” Hawley told Axios in an interview. Hawley added that he's already had discussions with President-elect Donald Trump and his team about the proposal “and took Vice President-elect JD Vance's lead on the specific $5,000 number.” Sen.-elect Ruben Gallego is already throwing his support behind the idea. Let’s do it.” But with a price tag over 10 years of between $2 trillion to $3 trillion, Hawley’s plan could be costly and “complicates the math" for incoming Senate Majority Leader John Thune and House Speaker Mike Johnson, "who have thin margins to extend President-elect Trump's signature tax bill,” according to Axios. The publication added that only three GOP senators – including Hawley – voted to expand the child tax credit as part of a bipartisan tax package before it failed this year.

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History of this topic

Harris Proposes Massive Child Tax Credit Increase as Election Looms
2 months, 1 week ago

Harris Proposes Massive Child Tax Credit Increase as Election Looms

Associated Press  

The child tax credit is a topic of significant discussion in the upcoming presidential election. Democrats seek a massive expansion of the tax credit, while Republicans have expressed support for increasing the tax credit but also concern that for some parents, it could become an incentive not to work. The stakes of this debate are high for parents who are …

Editorial: Which political party is really ‘anti-kid’? Just look at recent child tax credit history
4 months, 1 week ago

Editorial: Which political party is really ‘anti-kid’? Just look at recent child tax credit history

LA Times  

President Biden arrives to speak at an event to mark the start of monthly child tax credit relief payments in July 2021. There’s a reason voters are hearing more about the child tax credit during this presidential campaign, with both Republican and Democratic candidates voicing support for its expansion. Vance, who has disingenuously tried to label Democrats “anti-family and anti-kid,” …

Child care is a ‘textbook example of a broken market.’ Where do Harris, Trump go from here?
4 months, 2 weeks ago

Child care is a ‘textbook example of a broken market.’ Where do Harris, Trump go from here?

LA Times  

Children get help from staff during a class at Educare Los Angeles at Long Beach in March. The ‘broken child-care market’ Former U.S. Treasury Secretary Janet L. Yellen described the child care system in 2021 as “a textbook example of a broken market.” Child-care employees are some of the lowest-paid workers in the economy, at an average of $13.22 an …

Harris leans into populism with proposal for middle-class and lower-income tax relief
4 months, 3 weeks ago

Harris leans into populism with proposal for middle-class and lower-income tax relief

CNN  

CNN — Vice President Kamala Harris on Friday unveiled a populist economic agenda, proposing a new plan to provide tax relief for more than 100 million middle-class and lower-income Americans as she builds out the details of her governing agenda weeks after locking down the Democratic presidential nomination. Harris on Friday took aim at Trump’s economic proposals — particularly his …

How a ‘game-changer’ child tax credit for families became a priority for Harris, Vance
4 months, 3 weeks ago

How a ‘game-changer’ child tax credit for families became a priority for Harris, Vance

LA Times  

Parent coach Alba Mariscal, left, makes a home visit to Cudahy in August 2023. And in an appearance on CBS’ “Face the Nation” last Sunday, Vance said he supported an increase to the child tax credit. “Look, I’d love to see a child tax credit that’s $5,000 per child,” he said. The child tax credit was first enacted in 1997 …

Harris wants to give families a big tax break for a new baby
4 months, 3 weeks ago

Harris wants to give families a big tax break for a new baby

NPR  

Harris wants to give families a big tax break for a new baby toggle caption Allison Joyce/AFP Vice President Harris unveiled an economic plan on Friday that focused on the high cost of housing, groceries and raising kids — top-of-mind expenses for voters pinched by years of rising prices. toggle caption Justin Sullivan/Getty Images Harris will focus on housing prices …

Column: Trump says Harris stole his idea for exempting tips from tax, but her version beats his
4 months, 4 weeks ago

Column: Trump says Harris stole his idea for exempting tips from tax, but her version beats his

LA Times  

Democratic Presidential candidate Kamala Harris speaks at a rally in Las Vegas, where she unveiled a plan to raise the minimum wage and cut taxes on tips. “A meaningful share of tipped workers already pay zero federal income tax,” Tedeschi notes. Far more gains would be achieved by extending enhancements to the Earned Income Tax Credit and the Child Tax …

Opinion: Why is the ‘pro-family’ GOP blocking legislation that would help lift many kids out of poverty?
5 months, 1 week ago

Opinion: Why is the ‘pro-family’ GOP blocking legislation that would help lift many kids out of poverty?

LA Times  

Vice presidential candidate JD Vance is among the Republicans saying that Democrats are anti-family. Republican vice presidential nominee JD Vance told Megyn Kelly last month that Democrats are calling for an end to the Child Tax Credit because they are “anti-family and anti-kid.” Vance, who has courted controversy for calling Democrats the party of “childless cat ladies,” then declared, “We …

How JD Vance Brought the Culture War to Helping Kids
5 months, 1 week ago

How JD Vance Brought the Culture War to Helping Kids

Politico  

It might not sound like it, but they’re all describing versions of the same policy, refracted through a culture war. “We always frame our policy push as focusing specifically on family stability,” said Duncan Braid, coalition director at the conservative think tank American Compass, which supports expanding the child tax credit. “If you are making $100,000, $400,000 a year and …

Senate rejects legislation that would expand child tax credit and restore business tax breaks
5 months, 1 week ago

Senate rejects legislation that would expand child tax credit and restore business tax breaks

Associated Press  

WASHINGTON — A bill to expand the child tax credit and restore some tax breaks for businesses failed to advance in the Senate on Thursday as Republicans largely opposed the measure, arguing they would be in position to get a better deal next year. He was also looking to counter assertions from Republican presidential nominee Donald Trump’s running mate, Sen. …

Senate GOP blocks tax bill as Democrats spotlight child tax credit in election-year push
5 months, 1 week ago

Senate GOP blocks tax bill as Democrats spotlight child tax credit in election-year push

CNN  

Washington CNN — Senate Republicans on Thursday blocked a bipartisan tax package that would have temporarily expanded the child tax credit and restored some business tax benefits. Vance has falsely claimed that Vice President Kamala Harris, the presumptive Democratic presidential nominee, is calling to end the child tax credit. On the contrary, we strongly support it.” Child tax credit expansion …

JD Vance says "childless cat lady" comments were a jab at Dem's "anti-parent and anti-child" values
5 months, 1 week ago

JD Vance says "childless cat lady" comments were a jab at Dem's "anti-parent and anti-child" values

Salon  

Republican running mate Sen. JD Vance, Ohio, is trying to backtrack on a past remark about women that was widely panned as derogatory and misogynistic. In 2021, during an appearance on former Fox News anchor Tucker Carlson's show, Vance claimed that “childless cat ladies” were helming the nation and that they “want to make the rest of the country miserable, …

Parents are struggling with high prices this year. It may shape how they vote
9 months ago

Parents are struggling with high prices this year. It may shape how they vote

NPR  

Parents are struggling with high prices this year. "I feel like it's harder now because even though I am financially where I wasn't 25 years ago, I feel like things have gotten more expensive," she says. Enlarge this image toggle caption Keren Carrión/NPR Keren Carrión/NPR Starsky Wilson, president and CEO of the Children's Defense Fund, says the economic benefits for …

House Passes Bipartisan Tax Bill Benefiting Parents And Corporations
11 months, 1 week ago

House Passes Bipartisan Tax Bill Benefiting Parents And Corporations

Huff Post  

LOADING ERROR LOADING WASHINGTON — The House of Representatives on Wednesday approved a bipartisan bill expanding the child tax credit, as well as business deductions long sought by corporate America. Wyden told HuffPost earlier on Wednesday that if the House passed the bill by a wide bipartisan margin, Senate Republicans would feel pressure to let it through the upper chamber. …

House passes bill to enhance child tax credit, revive key tax breaks for businesses
11 months, 1 week ago

House passes bill to enhance child tax credit, revive key tax breaks for businesses

Associated Press  

WASHINGTON — The House accomplished something unusual Wednesday in passing with broad, bipartisan support a roughly $79 billion tax cut package that would enhance the child tax credit for millions of lower-income families and boost three tax breaks for businesses, a combination that gives lawmakers on both sides of the political aisle coveted policy wins. He spent part of the …

House passes bipartisan tax bill to expand child tax credit
11 months, 1 week ago

House passes bipartisan tax bill to expand child tax credit

NPR  

House passes bipartisan tax bill to expand child tax credit Enlarge this image toggle caption Catie Dull/NPR Catie Dull/NPR The House has overwhelmingly approved a bipartisan tax package that pairs a temporary expansion of the child tax credit with business tax breaks and credits to develop more low-income housing. The bill includes $33 billion to expand the widely used child …

New, expanded child tax credits are back — and they may actually pass Congress
11 months, 2 weeks ago

New, expanded child tax credits are back — and they may actually pass Congress

LA Times  

Congress, which has been setting records for a lack of accomplishments, may be on the verge of actually doing something big: passing a bill that could lift half a million kids out of poverty by next year. The proposal, which the House could vote on as soon as next week, involves an expanded tax credit for parents of children 16 …

Congress Hunts The Rarest Beast: Bipartisan Election-Year Deals
11 months, 3 weeks ago

Congress Hunts The Rarest Beast: Bipartisan Election-Year Deals

Huff Post  

LOADING ERROR LOADING WASHINGTON ― Congress is striving to accomplish what rarely gets done in an election year: three separate bipartisan agreements on taxes, spending and immigration policy. He said the House has a duty to "seek bipartisan compromises on tough, tough issues.” Drew Angerer/Getty Images In response to a surge of migrants at the southern border, Republicans have proposed …

Lawmakers announce bipartisan effort to enhance child tax credit, revive tax breaks for businesses
11 months, 3 weeks ago

Lawmakers announce bipartisan effort to enhance child tax credit, revive tax breaks for businesses

LA Times  

The chairmen of the top tax policy committees in Congress announced a bipartisan agreement Tuesday to enhance the child tax credit and revive a variety of tax breaks for businesses, a combination designed to attract support from lawmakers of both political parties. The bill would incrementally increase the maximum refundable child tax credit to $1,800 for 2023 tax returns, $1,900 …

Lawmakers announce bipartisan effort to enhance child tax credit, revive tax breaks for businesses
11 months, 3 weeks ago

Lawmakers announce bipartisan effort to enhance child tax credit, revive tax breaks for businesses

Associated Press  

WASHINGTON — The chairmen of the top tax policy committees in Congress announced a bipartisan agreement Tuesday to enhance the child tax credit and revive a variety of tax breaks for businesses, a combination designed to attract support from lawmakers of both political parties. The bill would incrementally increase the maximum refundable child tax credit to $1,800 for 2023 tax …

To tackle poverty, more states will offer bigger child tax credits in 2024
1 year ago

To tackle poverty, more states will offer bigger child tax credits in 2024

NPR  

To tackle poverty, more states will offer bigger child tax credits in 2024 Enlarge this image toggle caption Steve LeBlanc/AP Steve LeBlanc/AP Many Americans took a double whammy to the pocketbook this year: Prices for things like food and rent rose, and federal pandemic aid continued to peter out. "While the state-specific child tax credits are smaller than what we've …

This Republican senator wants an expanded child tax credit — with work requirements
1 year, 3 months ago

This Republican senator wants an expanded child tax credit — with work requirements

NPR  

This Republican senator wants an expanded child tax credit — with work requirements Enlarge this image toggle caption Chip Somodevilla/Getty Images Chip Somodevilla/Getty Images An unusual thing happened a couple of years ago: nearly 3 million children in the United States were lifted out of poverty. Fast forward 2.5 years — those expanded tax credits have expired and new census …

You’re not getting child tax credit checks anymore. Here’s why
2 years ago

You’re not getting child tax credit checks anymore. Here’s why

LA Times  

Christina Darling plays with her sons Kayden, 10, left, and Brennan, 4, at home in Nashua, N.H., in 2021. Darling and her family had qualified for the expanded child tax credit, part of President Biden’s $1.9-trillion coronavirus relief package. “It didn’t have enough time to just root in the way you need it to,” said DeLauro, who advocated for an …

Hopes fade for year-end tax deal in congress to aid companies, children
2 years ago

Hopes fade for year-end tax deal in congress to aid companies, children

Live Mint  

Lawmakers are struggling to reach bipartisan agreement on a year-end tax deal, and businesses and antipoverty advocates both look unlikely to get what they want. Republicans and many companies want to reverse, prevent or delay some tax increases on businesses that were scheduled in a GOP-backed 2017 tax law and that began taking effect this year. For families, the child …

Editorial: Congress can help struggling families by reviving the expanded child tax credit
2 years, 1 month ago

Editorial: Congress can help struggling families by reviving the expanded child tax credit

LA Times  

For a brief, six-month period last year, something life-changing happened for tens of millions of American families: They started receiving automatic monthly payments of as much as $300 per child to use for whatever they needed. But Congress allowed the payments to expire in January, ending an expanded child tax credit that slashed child poverty and could have been a …

One Of Democrats’ Proudest Policy Achievements Is Missing From The Midterms
2 years, 2 months ago

One Of Democrats’ Proudest Policy Achievements Is Missing From The Midterms

Huff Post  

LOADING ERROR LOADING Last year Democrats boasted about a new monthly allowance they’d created for households with kids. Democratic campaign ads have highlighted the party’s support for reducing costs for the middle class, and any mention of “middle class tax cuts” could semi-plausibly be a reference to the child tax credit, since the monthly payments the IRS sent out last …

Republicans Not Rushing To Support More Aid For Parents After Fall Of Roe
2 years, 5 months ago

Republicans Not Rushing To Support More Aid For Parents After Fall Of Roe

Huff Post  

LOADING ERROR LOADING Republicans applauded the Supreme Court’s recent decision to end the federal right to abortion, a change that will likely lead to more births and parental hardship. “I’m not sure government can fix that,” Sen. John Cornyn said this week when asked if the federal government had a bigger role to play in helping parents in a post-Roe …

Study: Child poverty rising after tax credit expires
2 years, 10 months ago

Study: Child poverty rising after tax credit expires

Associated Press  

WASHINGTON — The number of children in America living in poverty jumped dramatically after just one month without the expanded child tax credit payments, according to a new study. As part of Biden’s $1.9 trillion COVID-19 rescue package last year, the existing child tax credit program was massively reshaped, boosting the amount of the payments, greatly expanding the pool of …

Money on the table: child credit $ available via tax returns
2 years, 11 months ago

Money on the table: child credit $ available via tax returns

Associated Press  

The Biden administration wants families with children to know that there is roughly $193 billion waiting for them — all they need to do is file their taxes to claim it. That is the only way to receive the second half of what you are owed.” The public push is occurring at a critical juncture for both the U.S. economy …

Senators push Biden to fight to preserve the child tax credit
2 years, 11 months ago

Senators push Biden to fight to preserve the child tax credit

LA Times  

Five Democratic senators urged President Biden on Wednesday to continue to fight hard to extend the child tax credit, which he suggested last week might have to be dropped from a revamped version of his sweeping climate and domestic spending package. Michael Bennet of Colorado, Sherrod Brown of Ohio, Cory Booker of New Jersey, Raphael Warnock of Georgia and Ron …

Biden acknowledges $2T bill stalled, but vows it will pass
3 years ago

Biden acknowledges $2T bill stalled, but vows it will pass

Associated Press  

WASHINGTON — President Joe Biden has all but acknowledged negotiations over his sweeping domestic policy package will likely push into the new year, as he does not yet have the votes in the Senate to lift the roughly $2 trillion bill to passage. “The best Christmas gift Washington could give working families would be putting this bad bill on ice,” …

Biden acknowledges $2T bill stalled, but vows it will pass
3 years ago

Biden acknowledges $2T bill stalled, but vows it will pass

Associated Press  

WASHINGTON — President Joe Biden on Thursday all but acknowledged negotiations over his sweeping domestic policy package will likely push into the new year, as he does not yet have the votes in the Senate to lift the roughly $2 trillion bill to passage. Schumer said Democrats “strongly disagree” with the parliamentarian’s decision and vowed to “pursue every means” so …

AP source: Biden, Manchin sharply divided over $2T Dem bill
3 years ago

AP source: Biden, Manchin sharply divided over $2T Dem bill

Associated Press  

WASHINGTON — President Joe Biden and Sen. Joe Manchin were said to be sharply divided Wednesday over Democrats’ huge social and environment bill, with the holdout senator pushing to erase the measure’s improved child tax credit, as leaders’ hopes of passing the legislation before Christmas appear to be fading away. Many Democrats consider the expanded child tax credit the bill’s …

Richest Americans may get a tax cut 10 times BIGGER than middle class
3 years, 1 month ago

Richest Americans may get a tax cut 10 times BIGGER than middle class

Daily Mail  

The mega-wealthy are in for a treat if President Biden's $1.75 trillion social and climate spending bill is passed by Congress. The Build Back Better plan would also increase the child tax credit from $2,000 per child to $3,000 per child, and $3,600 for children under 6. Moderate Democrats from high-tax states, led by Gottheimer and Sherrill, are the most …

What’s in, and what’s out, as House nears vote on Biden bill
3 years, 2 months ago

What’s in, and what’s out, as House nears vote on Biden bill

Associated Press  

WASHINGTON — President Joe Biden’s now- $1.85 trillion plan to boost social and education programs as well as protect against global warming continues to be fine-tuned by Democrats in Congress with a new goal of completing work before Thanksgiving. TAX BREAKS — An expanded child tax credit would continue for another year. — The expanded Earned Income Tax Credit that …

How Joe Biden's Big Gamble On The Child Tax Credit Could Pay Off
3 years, 2 months ago

How Joe Biden's Big Gamble On The Child Tax Credit Could Pay Off

Huff Post  

LOADING ERROR LOADING WASHINGTON ― Democrats want monthly cash benefits for parents to continue forever, but their Build Back Better bill would extend the enhanced child tax credit for just one year. But Democrats might like to talk about the need for another child tax credit extension when they’re campaigning in next year’s midterms, when they are widely expected to …

Child tax credit tussle reflects debate over work incentives
3 years, 2 months ago

Child tax credit tussle reflects debate over work incentives

Associated Press  

WASHINGTON — To supporters of the child tax credit, there has always been an “aha moment” — the recognition that as little as a few hundred dollars a month could be life-changing. Bennet and DeLauro are among the Democratic lawmakers who have pushed to make permanent an expanded child tax credit, which President Joe Biden’s coronavirus relief package transformed into …

Democrats grapple with pared down Build Back Better agenda
3 years, 2 months ago

Democrats grapple with pared down Build Back Better agenda

CNN  

CNN — Forced to pare down their bill to expand the social safety net, Democrats are now having to make tough calls on what they can cut from the proposal, prompting fresh concerns from members who had been working for years on provisions that once had been included in President Joe Biden’s Build Back Better agenda and now may be …

What’s in, and what’s out, as Democrats trim Biden bill
3 years, 2 months ago

What’s in, and what’s out, as Democrats trim Biden bill

Associated Press  

WASHINGTON — After months of talks, Democrats are edging closer to an agreement on what programs and policies to include in President Joe Biden’s massive plan to expand health and safety net programs and combat global warming. But here’s where the bill stands so far, according to lawmakers and aides: — A child tax credit increase would continue for another …

What's in, and what's out, as Democrats trim Biden bill
3 years, 2 months ago

What's in, and what's out, as Democrats trim Biden bill

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. But here's where the bill stands so far, according to lawmakers and aides: — …

Democrats Consider Risky Plan To Scale Back Child Tax Credit Extension
3 years, 2 months ago

Democrats Consider Risky Plan To Scale Back Child Tax Credit Extension

Huff Post  

LOADING ERROR LOADING WASHINGTON — Democrats say this year’s new monthly allowance for parents is one of their greatest achievements — but they might only extend it for one more year. Democrats had originally planned to extend the benefits — which are advance refund payments of the child tax credit — through 2025 so that the policy would expire around …

How Democrats could shrink their $3.5 trillion spending plan
3 years, 3 months ago

How Democrats could shrink their $3.5 trillion spending plan

CNN  

CNN — Free community college. It would extend the enhanced child tax credit through 2025 and make it permanently refundable at an estimated cost of $556 billion, according to the Committee for a Responsible Federal Budget. The Democrats can use the same trick in the budget reconciliation bill – which they did last spring in the $1.9 trillion American Rescue …

Democrats may torpedo their big plan: Shielding billionaire wealth, making it tougher to get aid
3 years, 3 months ago

Democrats may torpedo their big plan: Shielding billionaire wealth, making it tougher to get aid

Salon  

Congressional Democrats are negotiating against themselves as they try to complete a spending plan that started at $3.5 trillion but is likely to shrink significantly in the weeks ahead. "It's important to address the fact that billionaire heirs may never pay tax on billions in stock gains," Senate Finance Chairman Ron Wyden, D-Ore., said in a statement to Salon. Manchin …

Biden $3.5T plan tests voter appeal of expansive gov’t role
3 years, 3 months ago

Biden $3.5T plan tests voter appeal of expansive gov’t role

Associated Press  

WASHINGTON — President Joe Biden’s “build back better” agenda is poised to be the most far-reaching federal investment since FDR’s New Deal or LBJ’s Great Society — a prodigious effort to tax the rich and shift money into projects and programs touching the lives of nearly every American. “We’re doing hard things,” said Rep. Sean Patrick Maloney, D-N.Y., the chairman …

Joe Manchin Doubles Down On Wanting Parents To Work For Child Tax Credit
3 years, 3 months ago

Joe Manchin Doubles Down On Wanting Parents To Work For Child Tax Credit

Huff Post  

LOADING ERROR LOADING Sen. Joe Manchin has doubled down on calling for parents to work for the expanded child tax credit benefit, echoing Republican talking points and throwing a wrench into a central component of his own party’s policy agenda. “Don’t you think, if we’re going to help the children, that the people should make some effort?” Manchin’s comments echo …

Republicans Have No Clear Message On Child Tax Credit Payments
3 years, 5 months ago

Republicans Have No Clear Message On Child Tax Credit Payments

Huff Post  

LOADING ERROR LOADING As Democrats celebrate parents across the country receiving their first checks through the child tax credit, Republicans aren’t quite sure how to respond. “If we didn’t have the child tax credit, then we would have had to rethink camp,” she told HuffPost. You can call it a tax credit, but that’s not what it is.” Senate Minority …

Child tax credit starts hitting US families’ bank accounts
3 years, 5 months ago

Child tax credit starts hitting US families’ bank accounts

Associated Press  

WASHINGTON — The child tax credit had always been an empty gesture to millions of parents like Tamika Daniel. Daniel, a 35-year-old mother of four, didn’t even know the tax credit existed until President Joe Biden expanded it for one year as part of the $1.9 trillion coronavirus relief package that passed in March. And our country would be better …

How the expanded child tax credit payments work
3 years, 5 months ago

How the expanded child tax credit payments work

Associated Press  

The Biden administration is beginning to distribute expanded child tax credit payments, giving parents on average $423 this month, with payments continuing through the end of the year. President Joe Biden increased the size of the tax credit as part of his $1.9 trillion coronavirus relief package, as well as making it fully available to families without any tax obligations. …

Everything You Need To Know About The Child Tax Credit
3 years, 5 months ago

Everything You Need To Know About The Child Tax Credit

Huff Post  

LOADING ERROR LOADING Starting Thursday, most American families will start receiving a check for as much as $300 per child every month through the end of this year, as part of the $2 trillion American Rescue Plan’s expansion of the child tax credit that congressional Democrats passed in March. They doubled the child tax credit in their 2017 Tax Cuts …

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