Opinion | Rep. Rosa DeLauro and Neera Tanden: President Trump's tax law expanded the child tax credit to the wealthy, and left 26 million children behind. - NBCNewsTHINK
From right, Rep. Rosa DeLauro, D-Conn., speaks as Rep. Lois Frankel, D-NY, listens during a news conference at the Capitol on Jan. 30, 2019.Rep. Rosa DeLauro and Neera Tanden
The tax law that President Trump signed in 2017 left behind millions of low-income families with children. Republicans rigged it to pad corporate profits and confer massive windfalls on the wealthiest Americans and their heirs while leaving outand their families who were mostly excluded from the law’s increases in the Child Tax Credit.
At the same time, they made families with incomes of as much as $400,000 eligible for a child tax credit of $2,000 per child — including members of Congress themselves. But a single parent with two children working full time at the federal minimum wage will receive an increase of only $75 — or less than $1.50 per week.A Fortune 500 company hired me to help them be more family-friendly. Then my own kid got cancer.
That is not right — not for the middle class and not for those seeking to get into the middle class. We must instead strengthen and expand the credit for those families who most need it. That is why we are proud to support theThe bill would strengthen and expand the child tax credit to $3,000 for children ages 6 to 17 — a 50 percent increase upon current levels — and create a new Young Child Tax Credit equal to $3,600 per year for children under 6 years of age, for families who need it most.
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