The American Rescue Plan includes a monthly child tax credit, but it's not enough to pay for full-time child care in most states.
COVID-19 stimulus checks began to phase out for individuals making more than this amount.
Eligible parents could get monthly checks under the proposal instead of a yearly credit when they file their taxes.
Now that the party's in control in Washington, progressives are aiming high.
Now that the House and Senate have passed their versions of the tax bill, Republicans are going to start negotiating which items will be included in the final plan. Both the House and Senate would increase the child tax credit and make folks with higher incomes eligible. Critics say lower-income families would be largely left […]
Low-income families with young children wouldn’t see a lot of benefit from the House or Senate tax overhauls, according to a new study from the left-leaning Tax Policy Center. It found the tax cut proposals tilt heavily toward middle- and upper-income families. That’s even if the final version of the tax overhaul increases the child […]