I've read that it is a $2000 child tax credit with the refundable portion increased from $1100 to $1400. That was the compromise that earned Rubio's vote. He had wanted the entire $2000 refundable. It's currently a $1000 refundable credit.
Changes to the child tax credit: What it means for families
Some changes that people here should like is that the tax credit now requires children to have a SSN. Before they didn't which meant "Dreamers" could qualify. This resulted in billions in fraudulent claims.
Thanks for sharing the link. It says...
“The final version keeps a provision that requires filers using an Individual Taxpayer Identification Number (ITIN) to provide Social Security numbers for each child in order to qualify for the credit. ITINs are mostly issued to undocumented immigrants. In 2013, 4.4 million ITIN filers claimed child tax credits worth $6 billion, according to the Government Accountability Office. The latest change will affect about one million undocumented children, CBPP calculates.”
That’s an improvement, but they should require proof of citizenship in order to pay negative taxes, as a minimum. Otherwise, we still may be paying for illegal aliens to live here.
Still, I support the child tax credit provision.
Thanks for sharing the link. It says...
“The final version keeps a provision that requires filers using an Individual Taxpayer Identification Number (ITIN) to provide Social Security numbers for each child in order to qualify for the credit. ITINs are mostly issued to undocumented immigrants. In 2013, 4.4 million ITIN filers claimed child tax credits worth $6 billion, according to the Government Accountability Office. The latest change will affect about one million undocumented children, CBPP calculates.”
That’s an improvement, but they should require proof of citizenship in order to pay negative taxes, as a minimum. Otherwise, we still may be paying for illegal aliens to live here.
Still, I support the child tax credit provision.
Why do we have “refundable credits” in the first place? OH -— that’s right, it’s a way of the government redistributing wealth... It’s how you get people who pay little or no federal income tax great big “refund” checks...