Two House Republicans and two House Democrats are teaming up on a bill that would expand the child tax credit to $6,000.
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Abipartisangroupoflawmakershasintroducedabillthatwouldgiveparentsupto$6,000perchildinexpandedtaxcredits.
It’spartofawiderpieceoflegislationcalledtheAffordableChildcareAct,ledbyReps.BrianFitzpatrick,R-Pa.,andRyanMackenzie,R-Pa.,ontherightandShariceDavids,D-Kan.,andSuzanneBonamici,D-Ore.,ontheleft.
BoththeRepublicanandDemocraticcampaignshadcalledforanexpandedchildtaxcreditduringthe2024presidentialrace,wherebothsidesattemptedtomakeinroadswithfamiliesstrugglingtoaffordcare.
SCOOP:KEYCONSERVATIVECAUCUSDRAWSREDLINEONHOUSEBUDGETPLAN
Thecurrentchildtaxcreditlevelsgiveparentsarefundofupto$2,000fordependentsunderage17.Adultswithincomesthatexceed$200,000asasinglefileror$400,000formarriedcouplescanstillbeeligibleforapartialcredit.
Thebipartisanbillwouldraisethemaximumthresholdto$6,000foronedependentand$12,000fortwoormore.
Itwouldalsodoublethetaxcreditforbusinessesthatfacilitatechil
