Articles for Child Tax

How D.C. tackled a child care crunch through a tax hike on the rich
1 month ago

How D.C. tackled a child care crunch through a tax hike on the rich

NPR  

How D.C. tackled a child care crunch through a tax hike on the rich toggle caption Caroline Gutman for NPR WASHINGTON, D.C. — When Boniece Gillis first heard rumblings that child care workers across the city might be getting some kind of significant pay bump, she tried to keep her excitement in check. Owen Schochet, a researcher with Mathematica, calculated …

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Harris, Trump tax proposals: Who wins, who loses?
2 months, 3 weeks ago

Harris, Trump tax proposals: Who wins, who loses?

Salon  

Eighty-one percent of voters say the economy is very important in the upcoming presidential election, according to Pew Research. Alajian said former President Donald Trump’s proposals would result in “overall lower taxes for the wealthy,” while Vice President Kamala Harris has a “focus on providing tax relief for lower-income families.” The president alone doesn’t set tax policy and would depend …

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Trump's plan would add $4 trillion more to U.S. debt compared to Harris', analysis says
3 months, 1 week ago

Trump's plan would add $4 trillion more to U.S. debt compared to Harris', analysis says

NPR  

Trump's plan would add $4 trillion more to U.S. debt compared to Harris', analysis says toggle caption Saul Loeb/AFP via Getty Images With less than a month left until Election Day, both the Harris and Trump campaigns have presented their economic visions to the American people — including proposed tax cuts, border security spending and affordable housing policies. Trump's estimated …

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Tax cuts and child supports to dominate Ireland’s pre-election budget
3 months, 2 weeks ago

Tax cuts and child supports to dominate Ireland’s pre-election budget

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tax cuts and child-related supports will be among the key …

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

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Senate rejects legislation that would expand child tax credit and restore business tax breaks
5 months, 2 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. …

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Senate GOP blocks tax bill as Democrats spotlight child tax credit in election-year push
5 months, 2 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 …

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House passes bill to enhance child tax credit, revive key tax breaks for businesses
11 months, 2 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 …

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House passes bipartisan tax bill to expand child tax credit
11 months, 2 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 …

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Lawmakers announce bipartisan effort to enhance child tax credit, revive tax breaks for businesses
11 months, 4 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 …

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Lawmakers announce bipartisan effort to enhance child tax credit, revive tax breaks for businesses
11 months, 4 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 …

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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 …

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Hunter Biden settles child support case with Arkansas woman
1 year, 6 months ago

Hunter Biden settles child support case with Arkansas woman

Associated Press  

— President Joe Biden’s son Hunter has settled a child support case with the Arkansas mother of a child he fathered in 2018, resolving the dispute about a week after he agreed to plead guilty to federal tax offenses. Biden, who was determined to be the child’s father in 2020 following a DNA test, had sought to reduce his monthly …

Child Roberts Biden Settles Child Support Case
Vermont Legislature overrides a number of Republican governor’s vetoes
1 year, 6 months ago

Vermont Legislature overrides a number of Republican governor’s vetoes

Associated Press  

MONTPELIER, Vt. — The Democratic-controlled Vermont Legislature on Tuesday overrode a number of Republican Gov. “This budget stands as a commitment to Vermonters: We hear your voices and stand by your side,” said House Speaker Jill Krowinski in a statement, “It includes appropriations that benefit every Vermonter, including significant investments in housing; high-quality, affordable child care; Medicaid rate increases for …

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Column: The Child Tax Credit is our greatest antipoverty program. Why is Congress letting it wither?
2 years, 1 month 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 …

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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 …

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What is Child Tax Credit?
2 years, 4 months ago

What is Child Tax Credit?

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. First introduced by Tony Blair’s Labour government in April 2003, Child Tax Credit helps …

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Republicans Not Rushing To Support More Aid For Parents After Fall Of Roe
2 years, 6 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 …

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Child Tax Credit Payments Helped Parents Avoid Selling Plasma, Taking Payday Loans
2 years, 9 months ago

Child Tax Credit Payments Helped Parents Avoid Selling Plasma, Taking Payday Loans

Huff Post  

LOADING ERROR LOADING Monthly cash payments from the federal government last year may have helped some parents avoid taking out payday loans or selling their blood plasma in order to pay bills. “We noticed a significant drop in families undertaking risky and damaging measures to close their budgets, like payday or pawn shop loans, selling of blood plasma, etc., in …

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Loss Of Child Tax Credit Payments May Have Hurt Joe Biden’s Approval Rating
2 years, 9 months 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. …

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A Year After Biden’s American Rescue Plan, Kids Are Falling Back Into Poverty. Congress Is To Blame.
2 years, 10 months 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 …

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Column: The blockade of Build Back Better means millions more children condemned to poverty
2 years, 10 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 …

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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 …

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Child tax credit: Brace for a smaller tax refund if you got monthly payments in 2021
2 years, 11 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 …

Parents Credit Payments Child Families Received Last Year