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 year. — The U.S. would join a long list of nations with a paid family leave program allowing workers to take time off for childbirth, to care for a new child or to deal with a serious health issue of a family member. Biden’s plan calls for parents earning up to 150% of the state’s median income to pay no more than 7% of their income on child care, with the poorest families getting free child care. — It’s also looking like a program considered a cornerstone of Biden’s plan to fight climate change is out, largely due to opposition from Sen. Joe Manchin, D-W.Va. That program would have offered grants to power companies that increase clean energy generation by 4% each year and fines for those that do not.

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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 …

Harris Proposes Massive Child Tax Credit Increase as Election Looms
1 month, 3 weeks 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
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,” …

What we know about Kamala Harris’s tax plans
3 months, 3 weeks ago

What we know about Kamala Harris’s tax plans

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 Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. In her keynote address at the Democratic National …

Child care is a ‘textbook example of a broken market.’ Where do Harris, Trump go from here?
4 months 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, 1 week 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, 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 …

Harris wants to give families a big tax break for a new baby
4 months, 1 week 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, 1 week 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?
4 months, 2 weeks 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
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. …

Senate GOP blocks tax bill as Democrats spotlight child tax credit in election-year push
4 months, 3 weeks 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 …

Federal Budget 2024: Winners and Losers
7 months, 1 week ago

Federal Budget 2024: Winners and Losers

ABC  

Treasurer Jim Chalmers has handed down the government's third budget, with a $300 power bill boon for every Australian household, but the purse strings kept tight on other measures. Winner: Housing The federal government will direct $1 billion of its National Housing Infrastructure Facility towards crisis and transitional accommodation for women and children fleeing domestic violence and for youth. They …

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 …

Meet the Republican deadbeat dads
8 months, 3 weeks ago

Meet the Republican deadbeat dads

Raw Story  

Recently, the Alabama Supreme Court ruled that frozen embryos used in in-vitro fertilization have the same legal rights as living, breathing, flesh-and-blood children. Republican President George W. Bush signed tax cuts in 2001 and 2003, which gave $570,000 windfalls to the wealthiest 1 percent of Americans, while the Republican house in 2003 voted for steep cuts to Medicaid, food stamps …

Biden to call in State of the Union for business tax hikes, middle class tax cuts and lower deficits
9 months, 2 weeks ago

Biden to call in State of the Union for business tax hikes, middle class tax cuts and lower deficits

Associated Press  

WASHINGTON — President Joe Biden is going into Thursday’s State of the Union address with an expanded plan to raise corporate taxes and use the proceeds to trim budget deficits and cut taxes for the middle class. State of the Union 2024 President Joe Biden delivered his 2024 State of the Union address, hammering Republican lawmakers on immigration, tax policy …

Evers signs Republican-authored bill to expand Wisconsin child care tax credit
9 months, 2 weeks ago

Evers signs Republican-authored bill to expand Wisconsin child care tax credit

Associated Press  

MADISON, Wis. — Democratic Gov. Tony Evers signed a Republican-authored bill Monday that dramatically expands the state child care tax credit, days after vetoing three other GOP bills that would have delivered $800 million in tax cuts. The bill expands the state child care tax credit to 100% of the claimants’ federal child care tax credit. The legislation included the …

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 …

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 …

Private schools, child care legislation pass in Pennsylvania as lawmakers move past budget feud
1 year ago

Private schools, child care legislation pass in Pennsylvania as lawmakers move past budget feud

Associated Press  

HARRISBURG, Pa. — Lawmakers moved past a monthslong budget feud in Pennsylvania’s Capitol on Wednesday, advancing legislation to tie up loose ends and send millions more to subsidize private school tuition and child care tax credits for parents. In addition to subsidies for private schools and parents who send kids to child care, lawmakers agreed to raise the monthly fee …

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 …

With thousands of child care programs at risk of closing, Democrats press for more money
1 year, 3 months ago

With thousands of child care programs at risk of closing, Democrats press for more money

Associated Press  

WASHINGTON — Democrats in Congress are pushing for a new round of money to keep the nation’s child care industry afloat, saying thousands of programs are at risk of closing when federal pandemic relief runs out this month. Legislation introduced in both chambers on Wednesday would provide $16 billion a year over the next five years, awarded as grants to …

Child poverty in the US jumped and income declined in 2022 as coronavirus pandemic benefits ended
1 year, 3 months ago

Child poverty in the US jumped and income declined in 2022 as coronavirus pandemic benefits ended

Associated Press  

Child poverty in the United States more than doubled and median household income declined last year when coronavirus pandemic-era government benefits expired and inflation kept rising, according to figures released Tuesday by the U.S. Census Bureau. However, income inequality increased when using after-tax income, another result of the end of pandemic-era tax credits, according to Census Bureau reports on income, …

Biden sets up for an election fight with his budget proposal
1 year, 9 months ago

Biden sets up for an election fight with his budget proposal

Al Jazeera  

Biden’s proposal will face stiff opposition in Congress and has ‘little-to-no shot’ at becoming law, experts say. The White House refers to it as the “billionaire minimum income tax.” The budget includes a proposal to raise the corporate tax rate to 28 percent, higher than the current level but still below the 35 percent tax rate that prevailed before 2017 …

Column: Anti-poverty programs work. Why are Democrats letting them wither?
1 year, 9 months ago

Column: Anti-poverty programs work. Why are Democrats letting them wither?

LA Times  

It’s an article of faith down our way that Democrats are good at enacting programs that help ordinary Americans and the vulnerable but are atrocious at communicating their ideals and successes to the public, while Republicans care only about serving the rich but are superb at fostering the misimpression that they’re servants of the masses. Starting last year and culminating …

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 …

In Biden’s big bill: Climate, health care, deficit reduction
2 years, 4 months ago

In Biden’s big bill: Climate, health care, deficit reduction

Associated Press  

WASHINGTON — The biggest investment ever in the U.S. to fight climate change. Republicans deride the 730-page bill as big government overreach and point particular criticism at its $80 billion investment in the IRS to hire new employees and go after tax scofflaws. Here’s what’s in the estimated $740 billion package — made up of $440 billion in new spending …

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 …

After Roe: Dems challenge GOP to show they care for mothers
2 years, 5 months ago

After Roe: Dems challenge GOP to show they care for mothers

Associated Press  

The Supreme Court’s decision to overturn Roe v. Wade’s constitutional protections for abortion rights set off a contest between Democrats and Republicans going into the midterm elections over whose policies would do more to help vulnerable mothers and children. Sen. Rick Scott, R-Fla., who heads the Republican campaign committee in the Senate, said GOP lawmakers now have the responsibility to …

Democrats Are Trying To Salvage Their Party's Child Care Initiative
2 years, 7 months ago

Democrats Are Trying To Salvage Their Party's Child Care Initiative

Huff Post  

LOADING ERROR LOADING Sen. Patty Murray spent the past year leading calls to create a comprehensive American child care program as part of the “Build Back Better” legislation that President Joe Biden and Democratic leaders were putting together. “I have spoken to so many moms and parents who had to quit their jobs entirely because they either couldn’t afford child …

Column: The blockade of Build Back Better means millions more children condemned to poverty
2 years, 9 months ago

Column: The blockade of Build Back Better means millions more children condemned to poverty

LA Times  

Sen. Joe Manchin III is blocking key anti-poverty programs even though his state is one of the poorest in the nation. In its first six months, the expanded Child Tax Credit has shored up family finances amidst the continuing crisis, reduced child poverty and food insufficiency, increased families’ ability to meet their basic needs. “The weight of the evidence is …

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 …

Child tax credit: Brace for a smaller tax refund if you got monthly payments in 2021
2 years, 10 months 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 …

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 …

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