Trump’s tax law expanded the child tax credit to the wealthy, and left 26 million children behind
The tax law that President Trump signed in 2017 left behind millions of low-income families with children. Republicans rigged it to pad corporate profits and confer massive windfalls on the wealthiest Americans and their heirs while leaving out 26 million children and their families who were mostly excluded from the law’s increases in the Child Tax Credit.
At the same time, they made families with incomes of as much as $400,000 eligible for a child tax credit of $2,000 per child — including members of Congress themselves. But a single parent with two children working full time at the federal minimum wage will receive an increase of only $75 — or less than $1.50 per week.
The above excerpt was originally published in NBC News. Click here to view the full article.
President and CEO of the Center for American Progress