Congress Prepares for Major Showdown Over Child Tax Credit

Upcoming tax policy debates will focus on the future of the child tax credit as key provisions of the 2017 Trump tax cuts near expiration.

Both parties see political advantages in expanding the child tax credit, but they differ on specifics like refundability and work requirements.
Democrats aim to restore the higher credit levels from the 2021 American Rescue Plan, while Republicans emphasize inflation indexing and work incentives.
The expiration of the Trump tax cuts in 2025 sets the stage for significant negotiations on tax policy in the next Congress.
Vice President Harris faces challenges in defining her policy stance distinct from President Biden as she eyes her own political future.
Special Counsel Jack Smith's case against former President Trump remains uncertain due to recent Supreme Court rulings on presidential immunity.