The House Ways and Means committee released their portion of reconciliation text over the weekend, and in it includes some great ways to strengthen the Child Tax Credit (CTC). These include:
- Raising the max CTC from $2k to $2.5k through 2028
- Makes the current $2k max credit permanent for 2029 and beyond
- Indexing the CTC inflation, so that as inflation rises, the credit will not decrease in value
These provisions are far from being permanent, though. Tomorrow, the committee will hold its markup on the bill, where any of these could be amended or removed from the text. Contact your member of Congress TODAY and tell them how much American families would benefit from a stronger CTC.
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