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Hawley pitches massive increase to child tax credit

Summary by The Hill

Sen. Josh Hawley (R-Mo.) is proposing a huge expansion of the child tax credit (CTC), setting up a potential fight with budget hawks as GOP lawmakers work to hash out their priority tax bill. Hawley wants to increase the CTC to a maximum of $5,000 from $2,000 per child, according to Axios, which first reported the plan. “President Trump won with the support of working people with kids. Next year’s tax bill should provide them a big tax cut,” Haw…

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Inforum

Minnesota Gov. Tim Walz announces new advance payment option for Child Tax Credit

The upcoming tax filing season will offer a new payment approach for recipients of the Child Tax Credit.

2 months ago·Fargo, United States

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Politico

Dems want answers on Billy Long’s tax credit work

Politico.com – For more and to sign up click here Senate Democratic tax writers are demanding more details about former Rep. Billy Long’s work promoting a troubled pandemic era tax credit for businesses as they consider his possible nomination to head the IRS. In a pair of letters to companies Long (R-Mo.) said he worked with, the lawmakers want to know how much money he made promoting the… Source

2 months ago

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Yeshiva World News

Senator Hawley Proposes Major Child Tax Credit Expansion, In Potential Boon For Orthodox Jewish Families

Senator Josh Hawley is making a bold push in the upcoming 2025 tax debate with a proposal to increase the child tax credit from $2,000 to $5,000 per child, Axios reports, a measure that would provide substantial financial relief to large families, particularly Orthodox Jewish households, which often have many children. Hawley’s plan, if passed, would dramatically reshape how families access the child tax credit. In addition to increasing the cre…

2 months ago

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