With a bipartisan consensus emerging, lawmakers are eager to explore options to expand the child tax credit before its potential reduction at the end of next year.
Senator Alex Padilla stated, 'An increased credit definitely should be back,' highlighting the support for enhancing financial relief to families as expiration of current credits looms.
Data from the Covid era revealed that a higher child tax credit helped lift millions of children out of poverty, emphasizing the impact of financial support.
Republican leaders have prioritized addressing expiring tax laws, signaling a swift move towards potential enhancements for the child tax credit in the new Congress.
Collection
[
|
...
]