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 a monthly payment that would be available to almost any child. “This is one place where progressives have over a period of 30 years kind of won the conceptual war.” The child tax credit was initially bipartisan, a unique policy overlap between former President Bill Clinton and former House Speaker Newt Gingrich. Researchers at Columbia University have found that the expanded child tax credit payments that began in July had no impact on labor and that models claiming otherwise are overly simplified.

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History of this topic

'Let’s do it': MAGA Republican's bold proposal gets thumbs up from Dem
1 week 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
2 months, 2 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
3 months, 3 weeks 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
4 months, 1 week 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 …

How JD Vance Brought the Culture War to Helping Kids
4 months, 3 weeks 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
4 months, 3 weeks 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. …

Parents are struggling with high prices this year. It may shape how they vote
8 months, 2 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?
10 months, 2 weeks 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 bill to enhance child tax credit, revive key tax breaks for businesses
10 months, 3 weeks 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
10 months, 3 weeks 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
10 months, 3 weeks 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
10 months, 4 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 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, 1 week 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, 1 week 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
11 months, 3 weeks 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 …

A pediatrician's view on child poverty rates: 'I need policymakers to do their job'
1 year, 3 months ago

A pediatrician's view on child poverty rates: 'I need policymakers to do their job'

NPR  

A pediatrician's view on child poverty rates: 'I need policymakers to do their job' Enlarge this image toggle caption Cavan Images/Getty Images/Cavan Images RF Cavan Images/Getty Images/Cavan Images RF Child poverty in the U.S. has more than doubled in a year, and we have a pretty clear idea what drove it: Congress let the expanded child tax credit expire. The …

You’re not getting child tax credit checks anymore. Here’s why
1 year, 11 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 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 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 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, 1 month 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 …

Democrats’ big package: What remains in and what’s out?
2 years, 4 months ago

Democrats’ big package: What remains in and what’s out?

Associated Press  

WASHINGTON — It’s nowhere near the $4 trillion proposal President Joe Biden first launched to rebuild America’s public infrastructure and family support systems but the compromise package of inflation-fighting health care, climate change and deficit reduction strategies appears on track toward Senate votes this weekend. What’s in, and out, of the Democrats’ “Inflation Reduction Act of 2022” as it stands …

What’s in, and out, of Democrats’ inflation-fighting package
2 years, 4 months ago

What’s in, and out, of Democrats’ inflation-fighting package

Associated Press  

WASHINGTON — What started as a $4 trillion effort during President Joe Biden’s first months in office to rebuild America’s public infrastructure and family support systems has ended up a much slimmer, but not unsubstantial, compromise package of inflation-fighting health care, climate change and deficit reduction strategies that appears headed toward quick votes in Congress. Lawmakers are poring over the …

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 …

Child Poverty Spiked After Tax Credit Expired, Early Research Suggests
2 years, 10 months 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 …

Money on the table: child credit $ available via tax returns
2 years, 10 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, 10 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 …

Goodbye ‘godsend’: Expiration of child tax credits hits home
2 years, 11 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
2 years, 11 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 …

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,” …

Manchin’s child tax credit stance draws criticism back home
3 years ago

Manchin’s child tax credit stance draws criticism back home

Associated Press  

WASHINGTON — Sen. Joe Manchin’s reluctance to endorse the Biden administration’s expanded child tax credit program is rippling through his home state of West Virginia. The West Virginia senator has expressed concerns over multiple aspects of the roughly $2 trillion package, including the continuation of the expanded Child Tax Credit program. “There is no state that’s more impacted by the …

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 …

COVID-expanded child tax credit benefit nears lapse
3 years 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 …

What’s inside Biden’s $2T social and climate measure
3 years, 1 month ago

What’s inside Biden’s $2T social and climate measure

Associated Press  

WASHINGTON — President Joe Biden’s roughly $2 trillion plan to boost social and education programs as well as protect against global warming has passed the House, pushing it one step closer to law. FAMILY/CHILD CARE — Eligible workers would receive up to four weeks of paid leave to reimburse them for time taken to care for a new child or …

What’s in, and what’s out, as House nears vote on Biden bill
3 years, 1 month 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 …

Biden's equity agenda hangs in balance in the Congress spending negotiations
3 years, 2 months ago

Biden's equity agenda hangs in balance in the Congress spending negotiations

NPR  

Biden's equity agenda hangs in balance in the Congress spending negotiations Enlarge this image toggle caption Brendan Smialowski/AFP via Getty Images Brendan Smialowski/AFP via Getty Images On his very first day in office, President Biden signed an executive order meant to begin unraveling the systemic barriers that have magnified economic inequality in the United States. Sponsor Message Where the agenda …

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 …

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 …

Biden’s Build Back Better plan explained: What it is and what’s in it
3 years, 3 months ago

Biden’s Build Back Better plan explained: What it is and what’s in it

CNN  

CNN — After months of negotiations and passage in the House last month, President Joe Biden’s sweeping $1.75 trillion economic and climate package was dealt a major blow on Sunday when a key Democratic senator said he cannot support the bill. The provision, along with the child care measure, would cost an estimated $381.5 billion, according to the CBO. This …

Biden Administration Takes Major, Belated Step Toward Improving Child Tax Credit Access
3 years, 3 months ago

Biden Administration Takes Major, Belated Step Toward Improving Child Tax Credit Access

Huff Post  

LOADING ERROR LOADING The Biden administration took a major step Wednesday to make the child tax credit accessible to the poorest Americans after months of hearing concerns from legal advocates that the process was too difficult for those who need the benefit most. The Treasury Department unveiled an easy-to-use website to guide Americans who do not traditionally file taxes through …

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. …

Biden says child tax credit a ‘giant step’ to counter poverty
3 years, 5 months ago

Biden says child tax credit a ‘giant step’ to counter poverty

Al Jazeera  

The Child Tax Credit is being likened to a universal basic income for children that helps people meet monthly expenses. Some 35 million American families have started receiving their first monthly payout from the US government in an expanded income-support programme that President Joe Biden said on Thursday could help end child poverty. Under the Child Tax Credit programme that …

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