A bipartisan group of lawmakers has introduced a bill that would give parents up to $6,000 per child in expanded tax credits.\u00a0<\/p>\n
It’s part of a wider piece of legislation called the Affordable Childcare Act, led by Reps. Brian Fitzpatrick, R-Pa., and Ryan Mackenzie, R-Pa., on the right and Sharice Davids, D-Kan., and Suzanne Bonamici, D-Ore., on the left.<\/p>\n
Both the Republican and Democratic campaigns had called for an expanded child tax credit during the 2024 presidential race, where both sides attempted<\/a> to make inroads with families struggling to afford care.\u00a0<\/p>\n SCOOP: KEY CONSERVATIVE CAUCUS DRAWS RED LINE ON HOUSE BUDGET PLAN<\/u><\/strong><\/a><\/p>\n The current child tax credit levels give parents a refund of up to $2,000 for dependents under age 17. Adults with incomes that exceed $200,000 as a single filer or $400,000 for married couples can still be eligible for a partial credit.<\/p>\n The bipartisan bill would raise the maximum threshold to $6,000 for one dependent and $12,000 for two or more.\u00a0<\/p>\n It would also double the tax credit for businesses that facilitate childcare for employees, raising the amount to $300,000 per year for qualifying workplaces.<\/p>\n BLACK CAUCUS CHAIR ACCUSES TRUMP OF ‘PURGE’ OF ‘MINORITY’ FEDERAL WORKERS<\/strong><\/a><\/p>\n During the most recent White House campaign, now-Vice President JD Vance and then-Vice President Kamala Harris, who was running for the top of the ticket, called for a $5,000 and $6,000 child tax credit, respectively.<\/p>\n But it’s not certain Congress will find an appetite to work together on<\/a> such a bill now, given bitter divisions over the government funding process and President Donald Trump’s<\/a> crackdown on government spending.\u00a0<\/p>\n Republicans are also working on a larger tax package that they’re aiming to pass with only GOP votes via the budget reconciliation process.<\/p>\n Trump’s 2017 Tax Cuts and Jobs Act (TCJA), which Republicans are hoping to extend with reconciliation, raised the maximum child tax credit from $1,000 at the time to $2,000.<\/p>\n If Congress fails to extend Trump’s tax cuts by the end of 2025, the original parameters would be back in place.<\/p>\n The maximum was briefly raised to $3,000 for children ages 6 to 16 and $3,600 for children ages 0 to 5 to help families cope with the COVID-19 pandemic, but those rates were not extended.<\/p>\n","protected":false},"excerpt":{"rendered":" A bipartisan group of lawmakers has introduced a bill that would give parents up to $6,000 per child in expanded tax credits.\u00a0 It’s part of a wider piece of legislation called the Affordable Childcare Act, led by Reps. Brian Fitzpatrick, R-Pa., and Ryan Mackenzie, R-Pa., on the right and Sharice Davids, D-Kan., and Suzanne Bonamici, … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-33876","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/33876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=33876"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/33876\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=33876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=33876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=33876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}