child tax credit
It's unclear if the Senate will pass the bill, with one Republican saying it “makes the president look good” by letting him “mail out checks before the election.”
House Freedom Caucus chair Bob Good (R-Va.) says expanding the child tax credit is “incentivizing this illegal invasion.”
The bill has broad bipartisan support, so it’s basically up to Speaker Mike Johnson whether it passes the House.
The proposal would slightly reduce child poverty and restore key business tax breaks — but it's not clear if it can become law.
WHAT'S HAPPENING
Sen. Ron Wyden (D-Ore.) has been negotiating with Republicans on an expansion of the child tax credit.
The statistics paint a clear, painful picture. This country is failing millions of Black moms economically, politically and medically in ways that keep generations of Black families just like mine stuck.
Republicans want business tax breaks, but apparently not enough to pair them with a tax benefit for parents.
Their gambit is to pair child tax credit payments with an extension of expiring corporate tax breaks.
The child tax credit slashed child poverty, but hardly anyone except Sen. Michael Bennet is talking about it.
The only hope for restoring the child benefit appears to be bipartisan negotiations with Sen. Mitt Romney (R-Utah).