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Child Tax Credit Expansion

Schumer Prepares Vote on Bill to Expand Child Tax Credit in New York

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Schumer Prepares Vote on Bill to Expand Child Tax Credit in New York

Senate Majority Leader Chuck Schumer (D-N.Y.) is preparing for a crucial vote on the House’s bill to expand the child tax credit (CTC) later this week. This move could mark the final legislative action before the Senate’s month-long August recess. The proposed bill, officially known as the Tax Relief for American Families and Workers Act, … Read more

Child Tax Credit Expansion: Potential Surge to $1.5 Trillion Over 10 Years

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Experts warn that the cost of the bipartisan Tax Relief for American Families and Workers Act, which includes the Child Tax Credit expansion, may rise to an astounding $1.5 trillion over the course of ten years. Senior policy expert at the Tax Foundation Garrett Watson emphasizes the long-term financial consequences should the temporary provisions become … Read more