In 2001, Republicans addressed the politics of taxes by making big cuts across the board:
an expanded child credit for low and moderate earners, a new lower tax bracket at the bottom, plus cuts in regular and capital income - tax rates for those at the top.
The bill appears to be heading toward the finish line, though at least three other Republican senators remained publicly undecided on Friday, including Mike Lee of Utah, who has allied with Mr. Rubio in pressing for
an expanded child credit, and Jeff Flake of Arizona, who has been trying to extract commitments from Republican leadership related to the Deferred Action for Childhood Arrivals, or DACA, program.
Over at the Wall Street Journal, Kimberly Strassel compared
an expanded child credit that could be applied to a parent's payroll tax liability to government subsidies to Solyndra.
The tax act also
expands the child credit and the Earned Income Tax Credit (EITC), reduces marriage penalties, increases subsides for education and retirement saving, repeals the limitations on itemized deductions and phaseouts of personal exemptions, and provides temporary, limited relief from the alternative minimum tax (AMT), a complex law that was designed to prevent aggressive tax sheltering but primarily affects large families or residents of states with high income taxes.
Not exact matches
Over the past several months, Ivanka Trump, the president's eldest daughter and a top White House adviser, has been working largely behind the scenes to shepherd an
expanded Child Tax
Credit into the GOP's tax reform plan.
On Thursday morning, Rubio responded to the House proposal, tweeting that the
expanded child tax
credit doesn't go far enough.
WASHINGTON, Dec 15 - TRepublican negotiators in the U.S. Congress put the finishing touches on a sweeping tax overhaul and will release the details later on Friday, including plans for an
expanded child tax
credit aimed at winning the support of two wavering senators.
WASHINGTON, Dec 15 - Republican negotiators in the U.S. Congress put the finishing touches on a sweeping tax overhaul and will release the details later on Friday, including plans for an
expanded child tax
credit aimed at winning the support of two wavering senators.
Their plan seeks to radically cut corporate taxes (including totally exempting income earned overseas from taxation), to collapse individual tax rates to three (or maybe four — they're not sure yet) brackets, and radically
expand the standard deduction and
child tax
credit for individuals.
The
child tax
credit will grow from $ 1,000 to $ 2,000; only the first 1,400 will be refundable, and access for poor families is not significantly
expanded.
The plan introduces a new family tax
credit that
expands the
child tax
credit and adds a new
credit for parents and non-
child dependents.
The Senate bill also eliminates the personal exemption many Americans take to lower their taxable income, but it does
expand the tax
credits for families with
children and nearly doubles the «standard deduction» taken by tens of millions of taxpayers who don't itemize their returns.
It also would
expand the
credit for
child and dependent care, although the plan doesn't specify how.
The final bill lowers the corporate rate from 35 percent to 21 percent, gives pass - through businesses like the Trump Organization a 20 percent tax deduction, increases the standard deduction,
expands the
child tax
credit, and temporarily lowers individual rates across the board.
To be fair, the new lower tax brackets and
expanded Child Tax
Credit should help to somewhat offset the loss of the personal exemption, and there are obviously more variables involved in any particular tax situation than I've mentioned here.
«Continues to and
expands the deduction for charitable contributions... preserving the Adoption Tax
Credit... preserving the
Child and Dependent Care Tax
Credit.»
Are middle - class cuts from the budget framework (like doubling the standard deduction and
expanded child tax
credits) included?
Families will also be able to benefit from a slightly
expanded child tax
credit.
One of the biggest changes came on Friday, when lawmakers agreed to a demand by Mr. Rubio to
expand the
child tax
credit by allowing families who owe no federal income taxes to still claim up to $ 1,400 of the $ 2,000
child tax
credit, up from $ 1,100 in the original version.
Brown said he mentioned the proposals he first presented to Trump at a dinner last month: One would
expand access to the Earned Income Tax
Credit and the
Child Tax
Credit, while the other would give tax
credits to companies that pay workers at least $ 15 an hour and offer health - care and retirement benefits.
Boosted Fuel Efficiency Standards Coordinated International Response to Financial Crisis Passed Mini Stimuli Began Asia «Pivot Increased Support for Veterans Tightened Sanctions on Iran Created Conditions to Begin Closing Dirtiest Power Plants Passed
Credit Card Reforms Eliminated Catch - 22 in Pay Equality Laws Improved Food Safety System
Expanded National Service
Expanded Wilderness and Watershed Protection Gave the FDA Power to Regulate Tobacco Pushed Federal Agencies to Be Green Leaders Let Space Shuttle Die and Killed Planned Moon Mission Improved School Nutrition
Expanded Hate Crimes Protections Brokered Agreement for Speedy Compensation to Victims of Gulf Oil Spill Pushed Broadband Coverage
Expanded Health Coverage for
Children Helped South Sudan Declare Independence Killed the F - 22
An
expanded child tax
credit could offset the payroll tax liability of parents and increase the size of their pay checks.
An
expanded child tax
credit might cause some heartburn over at the Wall Street Journal editorial page, but they aren't going anywhere over this kind of disagreement, and neither is the business community.
And former White House Faith - Based Office staffer Michael Wear suggested that the Obama administration helped by signing the Adoption Tax
Credit in 2013, including maternal health supports in the Affordable Care Act, and expanding the child tax c
Credit in 2013, including maternal health supports in the Affordable Care Act, and
expanding the
child tax
creditcredit.
«We want a levy on these companies to
expand the funds available to
credit unions so they can serve more people, powers for councils to limit the growth of these companies on our high streets and a ban on advertising to
children of these products.
Two tax
credits would be created, including one that would
expand the
child and dependent care as well as create a families
child tax
credit.
Thus, under current New York law, the state
credit would also double, to a maximum of $ 666 per
child, and the numbers of filers able to claim it would significantly
expand.
Katko said he is convinced taxpayers in his 24th Congressional District will still be better off under the GOP plan to double the standard deduction to $ 12,000 for individuals and $ 24,000 for families, and offer new and
expanded child and family tax
credits.
It keeps the status quo when it comes to taxes, adds $ 1 billion in new public education spending and includes
expanded child care tax
credits and a new $ 163 million initiative making state college tuition free for students from families earning $ 125,000 or less annually.
The proposal would keep the status quo when it comes to taxes, add $ 1 billion in new public education spending and include
expanded child care tax
credits and a new initiative making state college tuition free for students from families earning $ 125,000 or less annually.
There is also sustained support for
expanding the middle - class
child care tax
credit and providing free tuition to SUNY and CUNY institutions to families that earn less than $ 125,000.
Finally, the IDC would
expand the
Child and Dependent Care Tax
Credit, as well as create a new Working Families
Child Tax
Credit.
A combination of
expanded subsidies, enhanced tax
credits, and a new Working Families
Child Care Tax
Credit make up the Independent Democratic Conference's new proposal.
To illustrate the need to
expand this, and other subsidy and tax
credit programs for safe, quality
child care, the senators released, «New York 2020: Reducing Childcare Costs for Parents Statewide.»
Among the council's 36 - page agenda is a request to
expand the NYC
Child Care
Credit to include working households with incomes under $ 45,000 in order to match the maximum credit to the New York State c
Credit to include working households with incomes under $ 45,000 in order to match the maximum
credit to the New York State c
credit to the New York State
creditcredit.
More than 200,000 families earning between $ 60,000 and $ 150,000 will be eligible for an
expanded child care tax
credit.
First daughter Ivanka Trump is staking her reputation in Washington on making sure her father's tax reform plan includes an
expanded child tax
credit — a version of a pet issue she championed during the campaign.
Supporters claim that the tax
credit would also
expand learning opportunities for poor
children.
The spending measure, which requires legislative approval, also includes $ 1.1 billion in new school spending; $ 2.5 billion for water quality and water and sewer upgrades;
expanded child care tax
credits; and new powers for Cuomo, a Democrat, to adjust state spending in the face of federal spending cuts.
ALBANY, N.Y. (AP)-- Free state college tuition for middle - class students, an
expanded child care tax
credit and $ 1 billion in new spending on public schools are among the highlights of a state budget proposal unveiled Tuesday by Democratic Gov. Andrew Cuomo.
Mr. Bishop favors elimination of the Alternative Minimum Tax; and supports
expanding the
Child Tax
Credit and raising the maximum income limit for the 10 percent tax bracket to increase the number of people eligible to pay the lowest percentage of their personal income in federal taxes.
This year, Gov. Andrew Cuomo is proposing a $ 152 billion budget that increases school spending by $ 1 billion, an
expanded child care tax
credit and $ 2 billion over five years for water quality and drinking and waste water pipes.
He said he will seek to
expand a
child care tax
credit for the middle class and create an aftercare program that will begin with 22,000 new slots.
«Reform conservatives» in particular are showing an openness to new ideas, such as an
expanded Earned Income Tax
Credit,
child tax
credits, and more comprehensive wage supports.
However, what is gained by families from an
expanded Child Tax
Credit and an increased standard deduction is largely taken back by the elimination of the dependent exemption.
Expanding the
Child Tax
Credit is firmly on the list of items that Congressional leadership aspires to include in tax legislation.
We believe an education tax
credit that would inspire charitable giving to state non-profits who provide scholarships to eligible
children is the best way to immediately
expand opportunity for
children in need of more and better educational options.
The Patriot - News reported that [Corbett] «aims to see Pennsylvania join the growing list of states that offer taxpayer - funded vouchers to parents to send their
children to a school of their choice... The governor also wants to
expand the state's tax
credits program that provides for business - funded private school scholarships.»
And it means helping low - income families too, reinstating the state Earned Income Tax
Credit for low - wage workers,
expanding Medicaid, and reversing the decision to kick thousands of
children off the
child care subsidy program that allows parents to work or go back to school.
From centrist Democrats who think that choice should only be limited to the expansion of public charter schools (and their senseless opposition to school vouchers, which, provide money to parochial and private schools, which, like charters, are privately - operated), to the libertarian Cato Institute's pursuit of ideological purity through its bashing of charters and vouchers in favor of the voucher - like tax
credit plans (which explains the irrelevance of the think tank's education team on education matters outside of higher ed), reformers sometimes seem more - focused on their own preferred version of choice instead of on the more - important goal of
expanding opportunities for families to provide our
children with high - quality teaching and comprehensive college - preparatory curricula.