Reported about 7 hours ago
The 2025 tax debate has officially commenced, with a notable emphasis on the bipartisan-backed child tax credit (CTC). While the CTC has raised concerns over potential cuts after its temporary increase in 2021, it remains less contentious compared to other complex tax issues expected in forthcoming negotiations. Both parties demonstrate interest in the CTC, with Democrats historically advocating for its expansion. However, significant partisan divides may hinder consensus on proposed changes, as lawmakers prepare for a multi-faceted tax reform process that is expected to unfold over several months.
Source: YAHOO