The two parties have been battling over the tax benefit since before a larger version of it lapsed after 2021. Past attempts to revive the pandemic-era #childcredit expansion haven’t included the new twist added this year by House Democrats, which could push the total benefit to as high as $5,300 in the first year of a child’s life.
https://rollcall.com/2023/06/20/baby-bonus-a-new-twist-in-democrats-child-tax-credit-push/
Alot of this could be fixed by making some big fundamental changes to tax code-- Personal Income tax in the US should be REAL simple: 45,000 or less (whatever poverty level is) tax from any source of income should be $1 ... call it the 'Citizen Tax' and thats it. --- Then up to 100k per year...regardless of source of income...call it 10% ...then from there... progressive taxation. -- More than 90% of the population comes out WAY ahead with this-- then we can play tax cames at the level where people aren't trading off, roof, utilities or food. -- Bitcoin fixes this.
