Earlier this week I voted for the bipartisan Tax Relief for American Families and Workers Act, which includes pro-growth tax policies that will help families and small businesses.
The Child Tax Credit builds on the success of the tax law passed by Congress in 2017 by indexing the credit to inflation and ending the penalty on large and growing families, providing help to those hurting because of skyrocketing prices rising over 17 percent since Joe Biden became president.
This legislation also helps small businesses, families, and workers by raising the immediate expensing cap for small businesses, cutting red tape for job creators, giving tax relief to families hit by disasters, and saving taxpayers $75 billion by ending a COVID-era program that has been plagued by runaway spending and rampant fraud.
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