Overview

• 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.