Final Child Tax Credit Payments Go Out Amid Doubt Over Program’s Future
3 years, 3 months ago

Final Child Tax Credit Payments Go Out Amid Doubt Over Program’s Future

Huff Post  

LOADING ERROR LOADING WASHINGTON — The IRS this week is sending out the final child tax credit payments of 2021 as Democrats struggle to keep the program alive next year. As a main Democratic holdout in the Senate, Manchin has faced relentless questioning from reporters about his position on various elements of Build Back Better, and he lost his temper on Wednesday when HuffPost followed up with a question about whether he supported continuing the child tax credit in its current form. “You’re bullshit.” The IRS has told lawmakers that if they want January’s child tax credit payments to go out around the 15th, they should pass their legislation by Dec. 28. House Speaker Nancy Pelosi told HuffPost on Wednesday that the looming expiration of the expanded child tax credit is a useful incentive for Democrats to finish Build Back Better.

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History of this topic

Joe Biden's Presidency Gave Us A Glimpse Of A Better Safety Net
2 months, 2 weeks ago

Joe Biden's Presidency Gave Us A Glimpse Of A Better Safety Net

Huff Post  

LOADING ERROR LOADING WASHINGTON — For the first year of Joe Biden’s presidency, it looked like Democrats were on the verge of creating the social safety net of their dreams. “This has the potential to reduce child poverty in the same way that the Social Security reduced poverty for the elderly.” But the payments, contrived as advance refunds of the …

No, Parents Didn't Spend Child Tax Credit Money On Drugs, Study Finds
2 months, 3 weeks ago

No, Parents Didn't Spend Child Tax Credit Money On Drugs, Study Finds

Huff Post  

WASHINGTON – Parents who received monthly child tax credit payments in 2021 didn’t spend the extra cash on drugs, according to a new study that contradicts a top talking point against the payments. “He said he’s gotten phone calls from one grandmother specifically talking about her crackhead daughter ― he used the word crackhead three times ― talking about her …

'Let’s do it': MAGA Republican's bold proposal gets thumbs up from Dem
3 months, 2 weeks 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 …

After Congress let the child tax credit expire, some communities are filling the gap
5 months, 3 weeks ago

After Congress let the child tax credit expire, some communities are filling the gap

NPR  

After Congress let the child tax credit expire, some communities are filling the gap The child tax credit passed by Congress at the height of the pandemic has expired, but states and other local jurisdictions are trying to step in to fill the gap with their own programs and funding. That's because families got monthly automatic payments from the government, …

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

How a ‘game-changer’ child tax credit for families became a priority for Harris, Vance
7 months, 2 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 …

Republicans Block Bill That Would Have Cut Taxes For Families
7 months, 4 weeks ago

Republicans Block Bill That Would Have Cut Taxes For Families

Huff Post  

LOADING ERROR LOADING WASHINGTON ― A bipartisan bill expanding the child tax credit, as well as business deductions sought by corporate America, failed to advance in the Senate on Thursday after overwhelming opposition from Republicans who feared giving Democrats a major win ahead of the November elections. If they believe in families, why are they not supporting the child tax …

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

Parents are struggling with high prices this year. It may shape how they vote
11 months, 3 weeks 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 …

US Child Tax Credit 2024: Who is eligible for the benefit?
1 year, 1 month ago

US Child Tax Credit 2024: Who is eligible for the benefit?

Hindustan Times  

The House introduced expansions to the Child Tax Credit 2024 scheme by passing a bill last week. What does the Child Tax Credit 2024 expansion mean? The child should not file a joint return with their partner for the tax year OR file it only to claim a refund of withheld income tax/ estimated tax paid. Lower-income families will Tax …

House Passes Bipartisan Tax Bill Benefiting Parents And Corporations
1 year, 2 months 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
1 year, 2 months 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
1 year, 2 months 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 …

A COVID-era program is awash in fraud. Congress aims to wind it down and expand the child tax credit
1 year, 2 months ago

A COVID-era program is awash in fraud. Congress aims to wind it down and expand the child tax credit

Associated Press  

WASHINGTON — When IRS Commissioner Danny Werfel met privately with senators recently, the chairman of the Senate Finance Committee asked for his assessment of a startling report: A whistleblower estimated that 95% of claims now being made by businesses for a COVID-era tax break were fraudulent. Lawmakers aim to use the savings to offset the cost of three business tax …

New, expanded child tax credits are back — and they may actually pass Congress
1 year, 2 months 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
1 year, 2 months 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
1 year, 2 months 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
1 year, 2 months 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 …

Child tax credit: Lawmakers unveil longshot deal to boost credit and restore business tax breaks
1 year, 2 months ago

Child tax credit: Lawmakers unveil longshot deal to boost credit and restore business tax breaks

CNN  

A bipartisan group of lawmakers released a roughly $78 billion tax package Tuesday that would enhance the child tax credit and restore several business tax breaks, as well as boost funding for affordable housing and disaster relief. Some congressional Democrats and progressive groups have been pushing hard to restore at least part of the expanded child tax credit that greatly …

A Longshot Bipartisan Deal In Congress Could Unexpectedly Help Children
1 year, 2 months ago

A Longshot Bipartisan Deal In Congress Could Unexpectedly Help Children

Huff Post  

LOADING ERROR LOADING WASHINGTON — A longshot bipartisan tax deal under negotiation on Capitol Hill could deliver extra cash to parents in exchange for business subsidies. The top tax lawmakers in the House and Senate — Rep. Jason Smith and Sen. Ron Wyden — have been working on a deal expanding the child tax credit alongside business tax breaks. Republicans …

To tackle poverty, more states will offer bigger child tax credits in 2024
1 year, 3 months 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, 6 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 …

Lt. Gov. Miller urges expanding low-income tax credits
2 years ago

Lt. Gov. Miller urges expanding low-income tax credits

Associated Press  

Aruna Miller urged lawmakers Wednesday to approve an extension and expansion of tax credits for low-income residents that helped them during the pandemic but are set to end. It would make permanent an expansion of the state’s earned income tax credit approved in 2021 for tax years through 2022. “The earned income tax credit is a popular bipartisan program that …

You’re not getting child tax credit checks anymore. Here’s why
2 years, 2 months 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, 3 months 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 …

Column: The Child Tax Credit is our greatest antipoverty program. Why is Congress letting it wither?
2 years, 3 months ago

Column: The Child Tax Credit is our greatest antipoverty program. Why is Congress letting it wither?

LA Times  

Sen. Joe Manchin III wants to limit the Child Tax Credit by imposing work requirements, even though his state is one of the most poverty-bound in the nation. Here are some documented truths about the federal Child Tax Credit: — The enhanced credit, enacted in March 2021 as part of the American Rescue Plan, the government’s pandemic relief package, reduced …

Editorial: Congress can help struggling families by reviving the expanded child tax credit
2 years, 4 months 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, 4 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 …

‘Come On, Bernie!’ Why Democrats Left Child Tax Credit Out Of The Inflation Reduction Act
2 years, 7 months ago

‘Come On, Bernie!’ Why Democrats Left Child Tax Credit Out Of The Inflation Reduction Act

Huff Post  

WASHINGTON ― In an odd spectacle on Sunday, Senate Democrats argued among themselves and overwhelmingly voted against one of their own top policy priorities before coming together to pass one of the landmark bills of Joe Biden’s presidency. Sherrod Brown and Michael Bennet, two of the strongest proponents of the child tax credit, rose in opposition to Sanders’ amendment ― …

Loss Of Child Tax Credit Payments May Have Hurt Joe Biden’s Approval Rating
3 years ago

Loss Of Child Tax Credit Payments May Have Hurt Joe Biden’s Approval Rating

Huff Post  

LOADING ERROR LOADING Parents who received monthly child tax credit payments were likelier than the average voter to approve of President Joe Biden last year, but actually might have become less likely to approve of Biden after the checks stopped. As Biden’s approval among likely voters sagged last fall, the apparent boost from the child tax credit diminished as well. …

A Year After Biden’s American Rescue Plan, Kids Are Falling Back Into Poverty. Congress Is To Blame.
3 years ago

A Year After Biden’s American Rescue Plan, Kids Are Falling Back Into Poverty. Congress Is To Blame.

Huff Post  

During the darkest days of the pandemic, Congress stepped up and provided people with the stimulus checks they needed to get by — and that our economy needed to stay afloat. Last March, President Joe Biden and Democrats expanded the wildly popular child tax credit program, providing working families with up to $3,600 annually for every kid and transforming the …

Study: Child poverty rising after tax credit expires
3 years, 1 month 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 …

Child Poverty Spiked After Tax Credit Expired, Early Research Suggests
3 years, 1 month ago

Child Poverty Spiked After Tax Credit Expired, Early Research Suggests

Huff Post  

LOADING ERROR LOADING WASHINGTON – Low-income parents faced more hardship in January after Congress failed to continue the monthly child tax credit payments that slashed child poverty last year. “The monthly child poverty rate increased from 12.1% in December 2021 to 17% in January 2022, the highest rate since the end of 2020,” the Columbia researchers said in their latest …

With Their Agenda Stalled, Democrats Urge Parents To File Taxes
3 years, 1 month ago

With Their Agenda Stalled, Democrats Urge Parents To File Taxes

Huff Post  

WASHINGTON ― Democrats have failed to extend the monthly child tax credit payments that most American parents received last year, but they have some useful advice for parents missing that extra cash: File your taxes. Since Democrats boosted the maximum value of the child tax credit to $3,600 in 2021 for kids under 6, and the IRS only made monthly …

Money on the table: child credit $ available via tax returns
3 years, 1 month 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 …

Child tax credit: Brace for a smaller tax refund if you got monthly payments in 2021
3 years, 1 month ago

Child tax credit: Brace for a smaller tax refund if you got monthly payments in 2021

CNN  

CNN — Many parents may not be so happy when they file their tax returns this year. That’s because more than 36 million families already received half of their enhanced child tax credit in monthly payments during 2021. More complicated scenarios Some parents may find they’ll get a much smaller refund – or even have to pay back some or …

Families are in distress after the first month without the expanded child tax credit
3 years, 2 months ago

Families are in distress after the first month without the expanded child tax credit

NPR  

Families are in distress after the first month without the expanded child tax credit Enlarge this image toggle caption Alex Wong/Getty Images Alex Wong/Getty Images Had Congress renewed the expanded child tax credit at the end of last year, Jen Cousins would have received $1,000 from the government on Jan. 14. But in December, Congress left Washington for winter recess …

Goodbye ‘godsend’: Expiration of child tax credits hits home
3 years, 2 months ago

Goodbye ‘godsend’: Expiration of child tax credits hits home

LA Times  

Hairdresser Chelsea Woody stands outside her car at a grocery store in Charleston, W.Va. For the first time in half a year, families on Friday went without a monthly deposit from the child tax credit — a program that was intended to be part of President Biden’s legacy but has emerged instead as a flash point over who is worthy …

Op-Ed: One huge cost of letting the expanded child tax credit die? Harm to developing brains
3 years, 2 months ago

Op-Ed: One huge cost of letting the expanded child tax credit die? Harm to developing brains

LA Times  

Rep. Maxine Waters, left, and House Speaker Nancy Pelosi hold a news conference Aug. 12 at the Ethel Bradley Early Education Center in Los Angeles to discuss the importance of the expanded child tax credit. These payments reached 27 million children from families with taxable earnings too low to benefit from the annual tax refund provided by the previous child …

36 Million Families Face End Of Monthly Child Tax Credit Payments
3 years, 3 months ago

36 Million Families Face End Of Monthly Child Tax Credit Payments

Huff Post  

LOADING ERROR LOADING WASHINGTON – Every month since July most parents in the U.S. have received payments worth as much as $300 per child, thanks to changes Democrats made to the child tax credit. Legislation that would continue the payments is all but dead on Capitol Hill after Sen. Joe Manchin announced Sunday he wouldn’t vote for the Build Back …

Biden admits his $1.75 trillion Build Back Better bill will not be passed before 2022
3 years, 3 months ago

Biden admits his $1.75 trillion Build Back Better bill will not be passed before 2022

Daily Mail  

President Biden admitted that it is unlikely that Democrats reach their end-of-the year-goal of passing his $1.75 trillion social spending bill, saying it will be complete over the next 'days and weeks,' while his administration focuses on other priorities. President Joe Biden admitted that his administration's end-of-the year-goal to pass his estimated $2 trillion social spending bill in Congress will …

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

COVID-expanded child tax credit benefit nears lapse
3 years, 3 months ago

COVID-expanded child tax credit benefit nears lapse

Associated Press  

WASHINGTON — It’s one of the most far-reaching of all the federal aid programs launched during the COVID-19 pandemic — up to $300 per child going directly into the bank accounts of families on the 15th of every month. The swift launch, and potentially quick end, to the bolstered child tax credit highlights the risks of enacting sweeping social policy …

How Joe Biden's Big Gamble On The Child Tax Credit Could Pay Off
3 years, 5 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 Won’t Get ‘Work Requirement,’ Democrats Say
3 years, 5 months ago

Child Tax Credit Won’t Get ‘Work Requirement,’ Democrats Say

Huff Post  

LOADING ERROR LOADING WASHINGTON — It looks like Sen. Joe Manchin won’t prevail in his quest to deny child benefits to unemployed parents. Democrats told HuffPost this week that they don’t expect a “work requirement” to be added to the child tax credit as part of the Build Back Better bill they’re hoping to pass in the next few weeks. …

Child tax credit tussle reflects debate over work incentives
3 years, 5 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, 5 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 …

Democrats Consider Risky Plan To Scale Back Child Tax Credit Extension
3 years, 5 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 …

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