Sen. Ron Wyden — Senate Finance Comm Chair pictured below — compared the situation to the movie Field of Dreams when asked about a potential vehicle for a (bipartisan) tax deal. “If you build it, then everybody’s gonna show up,” he said. “That’s not exactly how the Congress of the United States works, but we’re generating a lot of support right now.”
Sen. Wyden also said that the budget, or at least this component, should be decided by the end of January. It’s unlikely to be as generous as the covid-related program but both sides favor “full refundability.” Although the credit is posed as a tax credit, families that pay little or no taxes can be paid directly. Read more>>>
The Child Tax Credit may return!!!