Mr. Rubio advocates an expansion of the child tax credit, which helps cover the cost of having kids. And while it serves a vital purpose, the credit does not directly address the rapidly rising cost of child care and early education programs.
What the headlines about Ivanka's political win aren't telling you
The Child Tax Credit in Four Dimensions
Expand the Tax Credit for Child Care
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Ivanka Trump scores win with Senate plan to double child tax credit
Why it matters: The planet is believed to be in the “habitable zone” because it’s temperature falls between -76 and 68 degrees Fahrenheit, which could allow water to exist on its surface, according to The Planetary Society. Ross 128 b orbits a so-called “quiet” star that “spews out comparatively less radiation that could harm life as we know it.” Another Earth-like planet — Proxima b — is closer to our solar system but bombarded with radiation.
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Ivanka gets her way on expanded child tax credit
Eligibility on the Low End The argument for an enlarged credit also suggests that it should apply against both payroll and income taxes. A household with one child should get the full value of the credit so long as it generates $2,000 or more in federal revenues from all sources — even if its income-tax liability is below $2,000. It’s an important point because most households pay more in payroll taxes than in income taxes. Tax relief that does not include payroll-tax relief will reach a much smaller number of Americans.
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The automatic expiration of the expanded child credit strikes me as a less important issue than indexing it so it keeps up, at least, with inflation. Protecting millions of families from a tax increase will probably be sufficiently popular to get the expanded credit extended or even made permanent at some future date.
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Tweaks to the Senate tax plan include a change that will help to ease the concerns of two Republican senators.
The Senate has agreed to increase the child tax credit from $1,000 to $2,000 — a more generous increase than the House bill which increases the child tax credit to $1,600. But real story is who will benefit and for how long.
Re “Tax Reform Should Help Families” (Op-Ed, Nov. 6):By 15 Johnstown Community Leaders
The presidential daughter and adviser, in a “full-blown sprint” as she sells the Republican tax overhaul plan and juggles other initiatives, has had it with all that talk about her “pet project” to increase the child tax credit.Durability The size of the child credit ought to rise each year to keep up with both inflation and real wage growth, just as tax payments and old-age entitlement programs do. The child credit is not now indexed for either. Its real value drops over time. The Senate bill does not change this.