More moms wish they could stay home — our tax policies should help them
The ongoing fights over tax policy present another opportunity for Republicans to put their best pro-family foot forward. While many important details remain to be hashed out, the initial proposal released by the House Ways and Means Committee indicates that influential Republicans are serious about making sure working families will see a real benefit from the tax talks.
A high-profile element in the bill is an expansion of the child tax credit. For those who care about families’ well-being, an expansion would be worth celebrating. It recognizes the costs that parents bear in raising the next generation, and helps families with the cost of everything from diapers to groceries.
The text proposes a bump in the top-line value of the credit, from its current value of $2,000 to $2,500, before a scheduled drop back down in 2029, at which point it would be indexed for inflation. This would mean that the average middle-class couple with two school-age kids would see an additional $1,000 in tax relief for the remainder of President Trump’s term in office.
But equally importantly, the credit is a much more egalitarian form of support for families than........
© The Hill
