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✅   Both Harris and Trump support raising the child tax credit. Who would qualify?

Politics

For all its economic prosperity, childhood poverty remains pervasive in the United States. Never before in a presidential election cycle has there been so much discussion of the child tax credit—a tool many Democrats and Republicans have endorsed as a way to lift children and young families out of poverty.Just three years ago, child poverty rates fell significantly when President Joe Biden’s administration raised the child tax credit and made even the poorest families eligible. But the expansion only lasted a year. Congress declined to renew it.There is hope for another increase in the tax credit, regardless of who wins Tuesday’s presidential election, but tension remains over who should qualify.Democrats seek a massive—and costly—expansion of the social ...

Fast Company     Nov 01, 2024