Politico

Ivanka Trump scores win with Senate plan to double child tax credit

Written by Lisa

Ivanka Trump notched a policy victory late Tuesday night when the latest revisions to the Senate tax bill proposed doubling the child tax credit.

Trump, the president’s older daughter and a top White House adviser, had been advocating for months for such a change — meeting with social conservatives to build a coalition, visiting Capitol Hill to talk with lawmakers and partnering on the issue with Republican Sens. Marco Rubio and Mike Lee, who first proposed this type of expansion in 2015.

The Senate bill, with the new changes made public Tuesday night by the Senate Finance Committee, would increase the child tax credit to $2,000 from the current credit of $1,000. The House version of the tax bill would increase it to $1,600.

On Twitter on Wednesday morning, Rubio called the Senate provision a good step. “Good news for working families, the Senate #TaxCut bill now has #ChildTaxCredit at 2K. We are making progress,” he wrote.

One hiccup is that the expanded child tax credit in the Senate bill would be temporary, meaning it would expire in 2025 along with a number of other tax provisions for individuals. The reduced corporate tax rate of 20 percent would be permanent under both the Senate and House tax legislation.

The Senate wrote the bill with this mix of temporary and permanent provisions to ensure it meets strict Senate budgetary rules, which could allow Republicans to pass a tax bill on a party-line vote.

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