Expanded child tax credit stranded in U.S. Senate by GOP comparisons to welfare ...Middle East

A tax package that includes an expanded child tax credit passed the U.S. House on a broad bipartisan vote, but is stuck in the Senate over objections to what is known as a “look-back” provision intended to boost low-income families. (Photo illustration by Getty Images)WASHINGTON — One of the cheapest provisions aimed at helping low-income families has become a main sticking point for Republican senators as they negotiate a bipartisan tax package that attracted broad support in the U.S. House. The reason for the opposition is that a taxpayer could earn no income for a year and still qualify for an expanded child tax credit. Republicans argue that the provision will encourage parents to drop o

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Last updated : 21 March 2024 clock 12:44 PM

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Expanded child tax credit stranded in U.S. Senate by GOP comparisons to welfare ...Middle East

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