House Democrats, Biden at Odds Over Enhanced Child Credit Bloomberg 2 hrs ago Laura Davison
(Bloomberg) President Joe Biden and House Democrats are clashing over how much to prioritize an extension of an expanded tax credit for parents.
House Ways and Means Committee Chairman Richard Neal on Tuesday released a plan calling for a permanent extension of the child tax credit. Biden told lawmakers last week he is only planning to propose a temporary extension in the “American Families Plan” that he’s set to release this week.
The clash isn’t ideological Biden told members of Congress he prefers a permanent extension but the differences over how long to offer the credit highlight the difficulties of enacting expensive social programs. The Tax Foundation estimates that a permanent expansion could cost $1.6 trillion over a decade.
Paid Leave, Child Care Tax Credits Proposed By House Democrats : NPR
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Biden eyes $80 billion IRS boost to help fund family programs: NY Times
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Democratic lawmaker pushes for federal paid leave in latest proposal Denitsa Tsekova
House Ways and Means Committee Chairman Richard Neal (D-MA) unveiled a plan for up to 12 weeks of paid federal family and medical leave for workers.
“Our economy is premised on the idea that some workers are worthy of ‘perks’, like paid leave or affordable child care that works for their schedules, while the majority are forced to fend for themselves,” Neal said in a press release on Tuesday. “For our economy to fully recover from this pandemic, we must finally acknowledge that workers have families, and caregiving responsibilities are real.”
Joe Biden $1 5 trillion American Families Plan taxes rich, investors for middle-class security
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