ACA in the News: Child Tax Credit Bill Has One Fatal Flaw, Nonprofit Says
Thomson Reuters, August 23, 2023 "Child Tax Credit Bill Has One Fatal Flaw, Nonprofit Says" "A recent legislative proposal introduced by a cohort of Senate Democrats to permanently restore the now lapsed expanded child tax credit provisions originally enacted as COVID-19 relief leaves out U.S. citizens living overseas, an advocacy organization argued. The Working Families Tax Relief Act (S 1992) was introduced by 40 Democratic senators in June, with Ohio’s Sherrod Brown as the primary sponsor. The bill effectively reverts the child tax credit back to its tax year 2021 expanded version and mirrors provisions of the American Rescue Plan Act (ARPA; PL 117-2), which made the CTC fully refundable and worth $3,000 for children aged 6-17, or $3,600 for children aged 5 or younger. Another change the proposed bill incorporates from ARPA is delivering the CTC on …