WASHINGTON — The massive coronavirus relief plan making its way to President Joe Biden’s desk includes a plan to temporarily raise the child tax credit that could end up permanently changing the way the country deals with child poverty. It also sets up a potential political showdown with Republicans over an issue that Democrats believe could drive significant wins for the party in the 2022 midterm elections and beyond. The American Rescue Plan, expected to receive final approval this week, temporarily raises the child tax credit, now at a maximum of $2,000, to as much as $3,600 per child annually.
Similar Stories to Child Tax Credit Expansion Sets Up Showdown With Gop on Bing News
Alexandra Jaffe, Josh Boak, Denver Post: Politics
Mon, 03/08/2021 - 10:18pm
Topics: washington president joe b the american rescue plan josh schwerin democratic one b connecticut rep rosa delauro delauro capitol hill b while republicans b scott winship american enterprise institute the that s b mike lee marco rubio florida rubio national review b if b when samuel hammond center b no republican hammond b utah sen mitt romney b trump b it s the b republicans democrats american the plan plan schwerin democrat delauro republican winship utah hammond expansion sets showdown child tax credit poverty families biden work proposal legislation parents benefit children making coronavirus reduce income benefits support pandemic millions annually potential country supports welfare simple political alternative lose temporarily relief issue expands elections midterm week permanently party bill included voted aimed votes year aid run policy cuts long permanent check director
BING NEWS:
- GOP split could doom bipartisan child tax credit bill
A bipartisan group is trying to push legislation to cut taxes for working families and some corporations into law, but it faces stiff opposition.
05/1/2024 - 11:00 pm | View Link - Why Democrats are combining a $700 million child tax credit with a $450 million income tax cut
Democrat’s $1.2 billion tax relief plan is a compromise between Polis and progressives. But it will mean smaller TABOR refunds for all.
04/30/2024 - 2:43 pm | View Link - Treasury Sets Final Rules on Tax-Credit Transfers
The Treasury Department released final rules Thursday governing the emerging market in tax credits, providing clarity for renewable energy developers and for large corporations buying tax breaks from ...
04/25/2024 - 11:28 am | View Link - We must speak for those who are left out of policy discussion. Restore the Child Tax Credit expansion
Legislation and programs such as the Child Tax Credit, SNAP, WIC and other safety net programs make a difference. | Opinion ...
04/24/2024 - 3:03 am | View Link - Child Tax Credit Expansion Update: When will Senate vote on this year's Child Tax Credit?
Passed the House with bipartisan support in February. The anticipated expansion of the federal Child Tax Credit, aimed at alleviating child poverty, faced setbacks leading up to the April 15 tax ...
04/22/2024 - 4:04 am | View Link - More
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