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Valerie Plesch/Bloomberg via Getty Images(WASHINGTON)  A new, bipartisan tax framework unveiled by lawmakers Tuesday would enhance the popular Child Tax Credit to benefit millions of American families. The proposal, released by Democratic Sen. Ron Wyden and Republican Rep. Jason Smith, would boost the refundable portion of the credit people can claim, allow low-income families with multiple children to receive more of the benefit and adjust the credit for inflation. "Fifteen million kids from low-income families will be better off as a result of this plan, and given today s miserable political climate, it s a big deal to have this opportunity to pass pro-family policy that helps so many kids get ahead," Wyden, chairman of the Senate Finance Committee, said in a statement. The tax package also includes new low-income housing tax credits, disaster tax relief and tax benefits for Taiwan. Smith, the chairman of the House Ways and Means Committee, called the proposal a "

New bipartisan proposal to enhance the Child Tax Credit: What to know - WEIS | Local & Area News, Sports, & Weather

New bipartisan proposal to enhance the Child Tax Credit: What to know - WEIS | Local & Area News, Sports, & Weather
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Congress Announces Deal That Would Revive Trump Tax Breaks and Expand Child Tax Credit

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Valerie Plesch/Bloomberg via Getty Images(WASHINGTON)  A new, bipartisan tax framework unveiled by lawmakers Tuesday would enhance the popular Child Tax Credit to benefit millions of American families. The proposal, released by Democratic Sen. Ron Wyden and Republican Rep. Jason Smith, would boost the refundable portion of the credit people can claim, allow low-income families with multiple children to receive more of the benefit and adjust the credit for inflation. "Fifteen million kids from low-income families will be better off as a result of this plan, and given today s miserable political climate, it s a big deal to have this opportunity to pass pro-family policy that helps so many kids get ahead," Wyden, chairman of the Senate Finance Committee, said in a statement. The tax package also includes new low-income housing tax credits, disaster tax relief and tax benefits for Taiwan. Smith, the chairman of the House Ways and Means Committee, called the proposal a "

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