Sen. Josh Hawley (R-Mo.) is proposing a huge expansion of the child tax credit (CTC), setting up a potential fight with budget hawks as GOP lawmakers work to hash out their priority tax bill.
Hawley wants to increase the CTC to a maximum of $5,000 from $2,000 per child, according to Axios, which first reported the plan.
“President Trump won with the support of working people with kids. Next year’s tax bill should provide them a big tax cut,” Hawley wrote in a post on social media.
The plan could add trillions to the national debt, which has ballooned to a new high of around $36 trillion following pandemic........