Few things had united Democrats like the child tax credit. Until recently.
As part of their last stimulus package, they radically expanded the break in a bid to slash childhood poverty. Democrats upped the maximum credit to as much as $3,600 per child, from $2,000, while dumping longstanding rules that pegged how much someone could receive to how much they earned.
All of that puts the squeeze on the child credit, one of the costliest items on Democrats’ to-do list. This year’s payments were projected to cost $109 billion. “We didn’t have a new tax plan every half hour,” Neal told reporters, adding the child credit provisions “ought to remain in the final package, as issued” by his committee.His comments came on the heels of a warning Monday from the chamber’s moderate New Democrat Coalition that it too expects to see something like the House plan in any final package.
“New Dems are the majority makers in the House, and it is our constituents who would be left behind if this enhanced Child Tax Credit is not fully extended.”But some Democrats, including House Speaker Nancy Pelosi, are willing to live with the administration’s proposal.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
'Nightmare On Elm Street' House For Sale Until HalloweenThe house from 'A Nightmare on Elm Street' is up for sale.
Les mer »
Crucial test for Boeing's Starliner, built to carry humans, delayed until 2022Boeing's Starliner still faces a long road ahead before it'll be ready to fly astronauts, the company said. It's still working to address an issue with the vehicle's propulsion system discovered just hours before a crucial uncrewed test flight in August.
Les mer »
Employee Offering Suggestion At Meeting Slowly Grows Quieter And Quieter Until Eventually Squeaking ‘I Don’t Know’PLANO, TX—While speaking up at a business strategy meeting earlier today, sources confirmed that Ceres Network Analytics assistant sales manager Jeffrey Horton, 49, offered a suggestion for the future of the company that steadily decreased in volume and intensity until he wrapped up his dwindling remarks with a…
Les mer »
Plaschke: Dodgers were finished until Game 3 comeback. Now it's the Braves who are on the ropesThe Dodgers' season was on the verge of annihilation until Cody Bellinger and Mookie Betts delivered one of the greatest comebacks in franchise history.
Les mer »
Democrats abandon free community college as White House warns social safety net bill will shrink below $2TPresident Biden told progressive lawmakers that the final social spending bill is expected to drop tuition-free community college and curtail the child tax credit program, two sources familiar with the meeting tell NBCNews.
Les mer »