GOP senator Josh Hawley pushes huge increase to child tax credit – Axios
“‘These are the people working class, people with families are who elected Donald Trump, and we need to deliver real and meaningful tax relief to them,’ Hawley told Axios in an interview about his plan. Hawley has talked with Trump and the president-elect’s team about the proposal, and took Vice President-elect JD Vance’s lead on the specific $5,000 number, the senator told Axios.
“Hawley wants to apply the credit to payroll taxes, allowing even Americans who do not make enough to pay income taxes to access bigger refunds.
- The plan would also allow families to receive the tax credits in regular installments throughout the year, rather than as a lump sum during tax season.
- It would also do away with the $2,500 income minimum for families to begin accessing the credit, while still requiring employment.
“Republicans have been divided over efforts to expand the child tax credit, while Democrats have been largely supportive.”