Republicans may steal Democrats’ thunder on one of their favorite issues: the Child Tax Credit. Correspondent Bernie Bennett has details. VERBATIM: Lawmakers are eyeing an increase in the hugely popular $2,000-per-child credit as part of the GOP’s sweeping tax legislation, with some also pushing for a big hike in a related break dubbed the babysitter […]
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Republicans May Premote “Child-Tax Credits” in Their Budget Plan
Republicans may steal Democrats’ thunder on one of their favorite issues: the Child Tax Credit. Correspondent Bernie Bennett has details.
VERBATIM: Lawmakers are eyeing an increase in the hugely popular $2,000-per-child credit as part of the GOP’s sweeping tax legislation, with some also pushing for a big hike in a related break dubbed the babysitter credit.
Picking up the issue now would help Republicans appeal to working class voters who powered their electoral sweep in November. At the same time, it would help rebut complaints from Democrats that the broader tax plan they are assembling caters too much to the wealthy.
The push appears to be getting some traction, with the Senate’s top tax writer saying any agreement on the broader GOP plan is “likely” to include some kind of expansion. House Republicans, who have been mum on their plans, are also in favor of expanding the break.
Bernie Bennett, Washington.