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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Here's what officials in the incoming Trump administration have said about potentially expanding the child tax credit.

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The Child Tax Credit's Future: What Has the Incoming Trump Administration Said?

Sen. Josh Hawley (R-Mo.) appears eager for the GOP to adopt more pro-natalist policies, making family generation less daunting and child-rearing more affordable amid an apparent population collapse. Hawley’s proposed Parent Tax Credit Act, which would have made parents of children under the age of 13 eligible for an individual tax credit of $6,000 or... The post Sen. Hawley pushes Vance’s child tax credit boost, again orienting GOP in more pro-n…

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Sen. Hawley pushes Vance's child tax credit boost, again orienting GOP in more pro-natalist direction

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

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The federal Child Tax Credit is currently $2,000 per child.

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Sen. Hawley proposes increasing the Child Tax Credit to $5K per kid

Senator Josh Hawley (R-MO) is seeking to increase the size of child tax credit by 150%, raising it from $2,000 to $5,000. Hawley’s proposal would allow parents to claim a credit for the tax year of the pregnancy, Axios reported. The senator told the outlet that “[t]these are the people working class, people with families are who elected Donald Trump, and we need to deliver real and meaningful tax relief to them.” The proposal would also eliminat…

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Hawley Seeking $5K Child Tax Credit - American Faith

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…

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

The proposal would increase the credit from $2,000 to $5,000 per child and allow parents to use it to offset their payroll tax liabilities. What You …  Full story here. 
More Sen. Hawley News  Published by ny1.com       The post Sen. Hawley proposes increasing the Child Tax Credit to $5K per kid – NY1 appeared first on Quorum Call.

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Sen. Hawley proposes increasing the Child Tax Credit to $5K per kid – NY1

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Hawley pitches massive increase to child tax credit

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