A group of Democratic lawmakers and progressive advocates are pushing hard to restore at least part of the enhanced child tax credit that stabilized many families’ finances in 2021.
Buoyed by the steep drop in child poverty last year, a group of Democratic lawmakers and progressive advocates are pushing hard to restore at least part of the enhanced child tax credit that stabilized many families’ finances in 2021. Though its prospects are slim, the coalition’s priority is making the credit more refundable so more of the lowest-income families can qualify, as they did last year thanks to the Democrats’ $1.9 trillion American Rescue Plan’s temporary expansion of the credit.
It increased the maximum credit to $3,600 for children under age 6 and $3,000 for those ages 6 through 17. Heads of households earning up to $112,500 a year and married couples making up to $150,000 were eligible for the full amount. Also, it made the credit fully refundable so the lowest-income families could qualify. And it sent half the credit to families in monthly installments of up to $300 from July through December last year to help them cover expenses.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Colorado judge orders unsealing of 2021 bomb threat case file involving accused Club Q shooterAldrich was formally charged this week with 305 counts, including charges of first-degree murder, attempted first-degree murder, assault and bias-motivated crimes causing bodily injury. The shooting left five people dead and 19 others injured.
Read more »
ICE agent, Herriman officer justified in May 2021 shootout with fugitives, D.A. findsSalt Lake County District Attorney Sim Gill announced in a letter Friday that two members of a U.S. Marshals Service team were justified in firing their weapons during a May 2021 shootout with two fugitives in Salt Lake City.
Read more »
Extended sale: Get lifetime access to Microsoft Office 2021 at its lowest price ever for $40.99Don\u0027t miss this extended Cyber Week deal on Microsoft Office\u0027s full suite of applications and tools
Read more »
Waffle manufacturer Eggo fined $85,000 for release of toxic gas in 2021Recently Santa Clara County fined Eggo, maker of toaster waffles, $85,000 after being convicted of releasing a toxic ammonia from its waffle factory in San Jose last year, according to the Santa Clara County District Attorney's Office.
Read more »