Posted by on December 17, 2024 11:32 am
Originally From: Joe My God

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Axios reports:

Sen. Josh Hawley (R-Mo.) is making a big opening bid in the 2025 tax battle, calling for the child tax credit to increase from a maximum of $2,000 to $5,000 per kid, Axios has learned.

Such a plan could cost $2 trillion to $3 trillion over 10 years. That complicates the math for incoming Senate Majority Leader John Thune (R-S.D.) and House Speaker Mike Johnson (R-La.), who have thin margins to extend President-elect Trump’s signature tax bill.

After a child is born, Hawley is proposing to let parents claim a credit for the tax year of the pregnancy. Hawley’s proposal speaks to the GOP’s desire to adopt pro-family policies and outflank Democrats on anti-poverty programs.

Read the full article. GOP Sen. Steve Daines introduced a similar bill last

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