On Thursday’s broadcast of CNN’s “OutFront,” Kevin Hassett, the Chairman of the Council of Economic Advisers, responded to Senator Marco Rubio’s (R-FL) statement by saying he thinks the Senate will figure it out and he doesn’t think Rubio will hold
Sen. Marco Rubio (R-FL) will oppose the Republican Tax Cuts and Jobs Act unless it includes an expansion of the child tax credit.
Evidence emerged Monday, as Republicans celebrated the Senate’s passage of the Tax Cuts and Jobs Act, that small changes were made in the Senate to the bill’s language, which would allow illegal aliens to continue to claim the child tax credit.
The proposal would allow the credit to be fully refundable against payroll taxes, making it more valuable to lower-income taxpayers.
Raising the child tax credit to $2,000 and eliminating the individual mandate makes this a tax bill populist conservatives can support.
The benefits of any tax overhaul for middle-class families will turn on what happens to the child tax credit.
The cornerstone of pro-family economic policy is per-child tax relief.
An estimated 45.3 percent of Americans are paying no federal income tax for the year 2015.
