Fresh off Ivanka Trump’s appeal, Sen. Michael Bennet proposes expanding child tax credit
U.S. Sen. Michael Bennet wants to triple the break families get from the child tax credit, add older teens and get money to those who need it faster. His potential ally? Ivanka Trump.
The bill filed Thursday by Bennet and Ohio Sen. Sherrod Brown would triple the existing $1,000-a-year child tax credit, add 17- and 18-year-olds and pay out monthly, rather than refunded through income tax returns at the end of the year.
Low-income families also would receive the full amount per child, rather than the current credit that awards a 15 percent tax break on earnings over $3,000 until a qualifier recoups the maximum credit of $1,000.
The credit would increase with the rate of inflation. The current child tax credit doesn’t.
The text of the bill is here.
The Democratic proposal in the (barely) Republican-led Senate was filed a day after the president’s oldest daughter went to Capitol Hill to find votes to support expanding the child tax credit.
Sen. Marco Rubio of Florida said Wednesday the credit should be expanded to $2,000 per child, but he hasn’t put that in a bill.
“Far too many parents are struggling to make ends meet, with paychecks that don’t stretch far enough to deal with the rising costs of raising a child,” Bennet said in a statement. “The evidence is overwhelming: children perform better in school, are healthier, and are more likely to succeed in the economy of the future if their parents can afford to raise them in an environment that allows them to thrive.
“This bill would help relieve the substantial financial burdens on parents in the middle class and those striving to make it there, allowing them to invest in our most important asset – our kids’ future.”
Bennet’s office provided quotes from experts on who support expanding the child tax credit as a means of helping families in poverty.
“The child tax credit has become a critical component of the modern safety net but currently does little for the most vulnerable children,” stated Christopher Wimer and Sophie Collyer from the Columbia University Center on Poverty and Social Policy, who wrote the expansion legislation.
“Our new analysis shows that the Bennet-Brown bill would make major headway addressing this shortcoming, cutting child poverty nearly in half and virtually eliminating extreme child poverty in the United States.”

