Updated on: January 16, 2024 / 3:59 PM PST / CBS News The federal Child Tax Credit may soon get an expansion as part of a push from some lawmakers to ensure that more U.S. families can tap the nearly three-decade old benefit. ...
In 2021,President Joe Biden's American Rescue Planwas passed and brought with it substantial increases to the child tax credit. Under the law, the credit was expanded to pay out $3,600 per child under 6 years old and $3,000 per child age 6 to 17. The credit was also fully refunda...
Should Congress Make the Expanded Child Tax Credit Permanent?WINSHIP, SCOTTYGLESIAS, MATTHEWEducation Next
A group of more than 40 racial justice organizations are calling on leaders in Congress to reinstate the enhanced child tax credit. In a letter sent to Senate Majority leader Chuck Schumer, D-N.Y., in May, organizations including Unidos, the NAACP, the Economic Security Project, National Ur...
Congress Should End Tax Credit for Wind IndustryAnother Voice: Congress should end the tax credit for productionof wind energyAs tax day...Pyle, Thomas
https://www.cbsnews.com/live-updates/state-of-the-union-2023-joe-biden-watch-live/#post-update-f0f65180 link copied 9:54 PM / February 7, 2023 Biden only briefly urges Congress to pass paid family leave, extended child tax credit ...
Reports on the approval of an extension of the Research & Development (R&D) tax credit by the U.S. Congress. Significance of the R&D tax credit to the chemical industry; Coverage of the R& tax credit.SissellKaraEBSCO_AspChemical Week...
Lawmakers aim to use the savings to offset the cost of three business tax breaks and a more generous child tax credit for many low-income families. Households benefiting from the changes in the child tax credit would see an average tax cut of $680 in the first year, according to an estim...
The employee retention tax credit could be shortchanged to fund the $1 trillion infrastructure deal. Many eligible businesses haven't made use of it, but there's still time.
businesses are urging Congress to pass legislation before the end of the year to restore and expand the federal research and development tax credit, which expired at the end of 2005. "ACC strongly supports bipartisan efforts in Congress to extend and strengthen the R&D tax credit," says ...