Vice President Kamala Harris will propose a ban on price gouging by food companies, along with incentives to build new housing and a significant expansion of the child tax credit at a campaign rally in North Carolina on Friday as the Democratic presidential nominee hones her economic message. Harris plans to announce that, during her … Read more
Vice President Kamala Harris on Friday touted agenda items for her first 100 days as president including a $6,000 tax credit for parents of young children. Democrats have long championed a bigger child tax credit, but the sum Harris proposed is larger than any Democrat previously suggested ― and it’s exactly $1,000 more than Republican … Read more
WASHINGTON ― A bipartisan bill expanding the child tax credit, as well as business deductions sought by corporate America, failed to advance in the Senate on Thursday after overwhelming opposition from Republicans who feared giving Democrats a major win ahead of the November elections. The 48-44 vote came amid debate about which party is more … Read more
WASHINGTON — The House of Representatives on Wednesday approved a bipartisan bill expanding the child tax credit, as well as business deductions long sought by corporate America. If the bill passes the Senate, millions of American families could get more money back from the IRS in the coming months. The House approved the bill with … Read more
WASHINGTON — Far-right Republicans in the House of Representatives are speaking out against a bipartisan bill expanding the child tax credit because it could benefit undocumented immigrants. House Freedom Caucus Chairman Bob Good (R-Va.) said Tuesday that he opposes the tax bill and even claimed the proposed policy would encourage migrants to come to the … Read more
WASHINGTON ― Millions of parents would get bigger tax refunds in the coming months from a bill the House of Representatives could vote on this week. The House Ways and Means Committee approved the legislation last week by a vote of 40 to 3, with all Republicans in support. The bill would likely pass the … Read more
WASHINGTON — A bipartisan team of lawmakers on Tuesday announced that they had finalized a deal to restore business tax breaks and expand a credit that gives millions of parents refunds at tax time. Senate Finance Committee Chair Ron Wyden (D-Ore.) and House Ways and Means Committee Chair Jason Smith (R-Mo.) unveiled the details of … Read more
WASHINGTON — A longshot bipartisan tax deal under negotiation on Capitol Hill could deliver extra cash to parents in exchange for business subsidies. The top tax lawmakers in the House and Senate — Rep. Jason Smith (R-Mo.) and Sen. Ron Wyden (D-Ore.) — have been working on a deal expanding the child tax credit alongside … Read more
