What’s in the New Child Tax Credit Proposal? ...Middle East

The leaders of the tax-writing committees in Congress announced a $78 billion bipartisan tax policy deal on Tuesday, including an expansion of the child tax credit. As I reported last week, the measure looked ripe for rejuvenation, following a long period of fits and starts in negotiations after the pandemic-era expansion expired in 2022. Although the newly proposed credit is not as generous as the version that was temporarily enacted by the American Rescue Plan Act in 2021, advocates nevertheless say that this latest version will lead to a significant decrease in child poverty, if passed.“Given today’s miserable political climate, it’s a big deal to have this opportunity to pass pro-family

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Last updated : 17 January 2024 clock 03:24 PM

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What’s in the New Child Tax Credit Proposal? ...Middle East

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