child tax credit
Congress is looking at expanding the child tax credit again. Who would benefit?
WASHINGTON — The bipartisan tax package passed by the U.S. House last month is not a done deal, but the proposal’s supporters say it could restore some poverty-reducing benefits that reached millions under the pandemic-era child tax credit expansion. A majority of low-income families who do not currently qualify for the full credit would see […]
Child tax credit expanded, business tax breaks get new life in bill passed by U.S. House
WASHINGTON — The U.S. House voted overwhelmingly Wednesday to approve a $78 billion tax package that would expand the child tax credit and reinstate some tax incentives for businesses. The 357-70 vote sends the bill, dubbed the Tax Relief for American Families and Workers Act of 2024, to the U.S. Senate, where lawmakers are expected […]
Child tax credit expansion, business incentives combined in new congressional tax plan
WASHINGTON — Leading members of Congress released a bipartisan, bicameral tax proposal Tuesday, promising a middle-path deal to help low-income families and provide incentives for businesses as Trump-era tax breaks expire. The framework led by top tax policy leaders U.S. Democratic Sen. Ron Wyden of Oregon and Republican Rep. Jason Smith of Missouri would raise […]