Millions of kids could lose the Child Tax Credit under GOP budget bill
Republican tax bill requires both parents to have a Social Security number to qualify for the Child Tax Credit, a policy shift that would make millions of kids ineligible.
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Republican tax bill requires both parents to have a Social Security number to qualify for the Child Tax Credit, a policy shift that would make millions of kids ineligible.
During Tuesday's VP debate, CBS News chief foreign affairs correspondent and "Face the Nation" moderator Margaret Brennan asked Minnesota Gov. Tim Walz and Ohio Sen. JD Vance about how their administrations would approach child care issues, the paid family leave model and more.
The Wharton School says Harris and Trump campaigns' economic proposals would increase the national deficit. "CBS Evening News" anchor and managing editor Norah O'Donnell asked Minnesota Gov. Tim Walz and Ohio Sen. JD Vance how they would pay for the plans without ballooning the deficit.
Government figures show it now costs more than $300,000 to raise a child from birth to age 18.
Government figures show it now costs more than $300,000 to raise a child from birth to age 18. Since 1997, the federal child tax credit has been helping parents save a little bit of that money. Now, both the Harris and Trump campaigns are proposing supersized versions of the tax break. Nancy Cordes reports.
Harris also wants to restore the pandemic's expanded Child Tax Credit. That could help millions of families, but cost $1.6 trillion.
Vice President Kamala Harris rolled out her plan to address specific economic policies Friday while campaigning in Raleigh, North Carolina. Her proposals include subsidizing low-wage workers and families with children. Harris also proposed some benefits for first-time homebuyers. CBS News' Nancy Cordes reports and David Wessel, a senior fellow in economic studies at Brookings, breaks down how economists may view some of the proposals.
Vice President Kamala Harris will lay out the details of her economic plan and proposed policies if she is elected president in November. CBS News chief White House correspondent Nancy Cordes previews the campaign event in Raleigh, North Carolina.
Senator JD Vance says he wants to boost the Child Tax Credit to $5,000 from its current $2,000. But that could come with a big price tag.
Sen. JD Vance suggested on "Face the Nation" that he'd like to see the Child Tax Credit increased to $5,000. CBS News congressional correspondent Nikole Killion has more on Vance's proposal, which comes after he skipped a failed Senate vote on expanding the benefit earlier this month.
In today's MoneyWatch, a potential game-changer for parents: Congress is considering a significant expansion of the child tax credit, which could mean increased savings or larger tax refunds for families. CBS News business analyst Jill Schlesinger has more.
A major tax package that would bolster the popular Child Tax Credit and cut taxes for businesses failed to advance in the Senate on Thursday in the face of widespread Republican opposition.
After passing easily in the House, a bill that would have expanded the CTC is stalled in the Senate. Here's what to know.
The Child Tax Credit is one step closer to getting a major expansion, potentially putting more money in parents' pockets.
The U.S. GDP grew at a faster rate than expected in the fourth quarter of 2023, increasing at a 3.3% annualized rate. CBS News business analyst Jill Schlesinger has more on the numbers, as well as possible changes to the child tax credit.
The 2021 child tax credit expansion positively impacted poverty rates in the United States during the pandemic. CBS News' Lana Zak is looking at the new benefits behind a proposed plan expansion, which would incrementally increase funds for qualified parents.
One analysis said bipartisan deal in Congress would boost the tax credit for 16 million children, lifting some out of poverty.
Tax season comes to a close Tuesday. Thomas Godwin, an assistant professor of accounting at Purdue University, joins Elaine Quijano and Michael George to look ahead to next year's tax season and offer advice on how Americans can begin planning for it.
The deadline to submit your taxes is Tuesday. Mark Steber, a senior vice president and chief tax information officer at Jackson Hewitt Tax Service, joined "CBS News Mornings" with tips for last-minute filers and advice for making the process go as smoothly as possible.
Pratik Patel, the head of Family Wealth Strategies for BMO Family Office, joins CBS News' Lilia Luciano and Lana Zak to discuss the Child Tax Credit. He explains who qualifies, who doesn't, and how it could impact your tax refund.
Early IRS data provides a peek at what to expect for the millions of Americans who have yet to file their taxes.
Many tax benefits instituted during the pandemic have lapsed, which means some people could see smaller refunds.
"A lot of people will get their refunds and they won't get as much as anticipated," one expert said as tax season kicks off.
IRS officials say 9 million Americans are still eligible for stimulus aid, but clock is ticking to claim funds.
COVID cases and hospitalizations rising again in U.S.; Future of enhanced child tax credit up in the air
Day 3 of the U.S.-Israeli war on Iran sees skies full of missiles as American allies take hits, and death tolls rise along with oil prices.
The man who killed two and wounded 14 also had photos of Iranian leaders in his home, a source said.
U.S. Central Command said Sunday that three American service members were killed and five others were seriously wounded as part of the military operation in Iran.
Prince Reza Pahlavi, a leader of the opposition to the Islamic Republic, discusses whether regime change is coming, who leads a transition, and nuclear weapons.
"Sadly, there will likely be more before it ends. That's the way it is. Likely be more," President Trump said after mentioning the three U.S. service members killed in the operation.
The CIA had tracked Khamenei's location for several months before the strike that killed him, a person familiar with the matter tells CBS News.
President Trump said Sunday that he is willing to speak with the new leadership in Iran following the death of Supreme Leader Ayatollah Ali Khamenei.
A map created by the CBS News data team shows the strike locations across Iran, including the capital and the site of a major nuclear facility.
The CEO of Anthropic says his company refused to allow its technology to be used by the Trump Administration without certain guidelines (such as not using its AI to power fully-autonomous weapons without any human involvement).
"Sadly, there will likely be more before it ends. That's the way it is. Likely be more," President Trump said after mentioning the three U.S. service members killed in the operation.
Efforts in Congress to block President Trump from using further military force against Iran without support from lawmakers have intensified after the U.S. and Israel launched a massive military operation.
President Trump said Sunday that he is willing to speak with the new leadership in Iran following the death of Supreme Leader Ayatollah Ali Khamenei.
Danise Baird, the wife of Indiana Rep. Jim Baird, has died following complications from her car crash injuries with her husband in January.
On this "Face the Nation with Margaret Brennan" broadcast, Sens. Tom Cotton and Chris Murphy join Margaret Brennan.
Oil prices rose sharply when market trading began late Sunday over concerns that the supply from Iran and elsewhere in the Middle East would slow or grind to a halt.
After the Trump administration cut it off, Anthropic CEO Dario Amodei told CBS News in an exclusive interview Friday night he wants to work with the military — but only if it addresses the firm's concerns.
Defense Secretary Pete Hegseth deemed artificial intelligence firm Anthropic a supply chain risk on Friday, following days of increasingly heated public conflict with the AI company.
In the years to come, robots will help offset worker shortages in health care, manufacturing and other industries, experts say.
In his new memoir, the former CEO of Goldman Sachs writes about a life that stretched from the projects of New York City to the pinnacle of Wall Street.
"Sadly, there will likely be more before it ends. That's the way it is. Likely be more," President Trump said after mentioning the three U.S. service members killed in the operation.
Efforts in Congress to block President Trump from using further military force against Iran without support from lawmakers have intensified after the U.S. and Israel launched a massive military operation.
President Trump said Sunday that he is willing to speak with the new leadership in Iran following the death of Supreme Leader Ayatollah Ali Khamenei.
Danise Baird, the wife of Indiana Rep. Jim Baird, has died following complications from her car crash injuries with her husband in January.
On this "Face the Nation with Margaret Brennan" broadcast, Sens. Tom Cotton and Chris Murphy join Margaret Brennan.
USALESS.COM is recalling its Rhino Choco VIP 10X product due to the undeclared presence of Tadalafil, which is the active ingredient in Cialis.
Emma Operacz was diagnosed with a rare cancer at 21. An unusual treatment and bone marrow donation from her sister saved her life.
More than three dozen states cover dental services for people on Medicaid, but with about $900 billion in cuts expected to hit states over the next decade, many programs could roll back dental coverage.
Chaz and Jean Franklin were facing a sevenfold increase in their health premium payments with the expiration of enhanced federal subsidies for Affordable Care Act plans. Then Jean received a crushing diagnosis.
A British gym chain is offering classes in "kidulting," luring adults into fitness with classes built around playground and PE class classics.
Day 3 of the U.S.-Israeli war on Iran sees skies full of missiles as American allies take hits, and death tolls rise along with oil prices.
Oil prices rose sharply when market trading began late Sunday over concerns that the supply from Iran and elsewhere in the Middle East would slow or grind to a halt.
"Sadly, there will likely be more before it ends. That's the way it is. Likely be more," President Trump said after mentioning the three U.S. service members killed in the operation.
President Trump said Sunday that he is willing to speak with the new leadership in Iran following the death of Supreme Leader Ayatollah Ali Khamenei.
The following is the transcript of the interview with Karim Sadjadpour from the Carnegie Endownment for international peace and former CENTCOM commander and CBS News contributor Ret. Gen. Frank McKenzie that aired on "Face the Nation with Margaret Brennan" on March 1, 2026.
Hillary Knight, Megan Keller and Jack and Quinn Hughes made a surprise appearance during "Heated Rivalry" star Connor Storrie's opening monologue on "SNL."
In this web exclusive, composer Marc Shaiman, a Tony Award-winner for "Hairspray," and a seven-time Oscar nominee, talks with Tracy Smith about his career; his new memoir, "Never Mind the Happy: Showbiz Stories From a Sore Winner"; and his collaboration and friendship with Rob Reiner.
A Tony Award-winner for "Hairspray," and a seven-time Oscar nominee, Marc Shaiman has written about his nearly 50 years in show business in a new memoir, "Never Mind the Happy: Showbiz Stories From a Sore Winner."
A Tony Award-winner for "Hairspray," and a seven-time Oscar nominee, Marc Shaiman has written about his nearly 50 years in show business in a new memoir, "Never Mind the Happy: Showbiz Stories From a Sore Winner." Shaiman talks with Tracy Smith about collaborating with Billy Crystal on parody songs for the Oscars; composing scores for Rob Reiner's films; and why he says, beginning as a piano prodigy at age 16, "there was no stopping me."
David Pogue looks back at the career of the singer-songwriter whose Top 10 hits included such classics as "Oh, Carol," "Calendar Girl," "Breaking Up Is Hard To Do," and "Laughter in the Rain."
The CEO of Anthropic says his company refused to allow its technology to be used by the Trump Administration without certain guidelines (such as not using its AI to power fully-autonomous weapons without any human involvement).
Dario Amodei, co-founder and CEO of the artificial intelligence company Anthropic, says his company refused to allow its AI product, Claude, to be used by the Trump Administration without certain guidelines (such as not using its AI to power fully-autonomous weapons without any human involvement). That prompted President Trump to announce Friday that he is banning Anthropic's technology from all federal use, while Secretary of Defense Pete Hegseth labeled the company "a supply chain risk to national security." Amodei talks with correspondent Jo Ling Kent about why he calls the administration's actions "retaliatory and punitive."
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
After the Trump administration cut it off, Anthropic CEO Dario Amodei told CBS News in an exclusive interview Friday night he wants to work with the military — but only if it addresses the firm's concerns.
In an exclusive interview with CBS News, Anthropic CEO Dario Amodei said that the Pentagon's decision to designate the AI company a supply chain risk is "retaliatory and punitive." The Pentagon made the designation, which restricts military contractors from doing business with Anthropic, after the company refused to give the military unfettered access to its AI model.
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in an unanticipated crossing of a near-frozen Delaware River. Environmental correspondent David Schechter looks at how Washington's watershed military maneuver dramatized both a changing America, and a changing climate.
The FBI is investigating a shooting that killed two people at an Austin, Texas, bar as a possible terror attack. Jason Allen reports.
At least two people were killed and 14 were injured in a mass shooting outside an Austin, Texas, bar, authorities said Sunday. There were indicators on the suspect and in his vehicle that suggest a "potential nexus to terrorism," but it's too early to determine the motivation, FBI Acting Special Agent Alex Doran said during a briefing Sunday. CBS News' Anna Schecter has the latest.
The man who killed two and wounded 14 also had photos of Iranian leaders in his home, a source said.
Mexico's attorney general's office said it performed genetic tests to match the cartel leader's remains to the family.
Shia LaBeouf, who was charged with battery after police say he punched several people outside a New Orleans bar earlier this month, was arrested again on Saturday.
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
NASA announced an overhaul to its Artemis moon program as safety concerns persist. CBS News space contributor Christian Davenport breaks down the key takeaways.
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
NASA's Artemis II mission continues to face concerns and delays. Scott E. Parazynski, a former astronaut, joins CBS News with more.
NASA is rolling back the Artemis II moon rocket from its launch pad at the Kennedy Space Center in Florida. It is expected to take up to 12 hours to move the 322-foot rocket, with the journey spanning four miles back to its hangar for repairs. CBS News space consultant Bill Harwood has more.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Texas State Rep. James Talarico, Democratic candidate for U.S. Senate, speaks with CBS News' Ed O'Keefe about his affordability platform, his primary opponent U.S. Rep. Jasmine Crockett and more.
CBS News' Noel Brennan hits a frozen lake in Wisconsin to go ice sailing.
Airstrikes have stranded thousands of Americans who were traveling to or through the Middle East. Shanelle Kaul reports.
Iran's Supreme Leader Ayatollah Ali Khamenei was killed along with about 40 other senior members of the Islamic Republic regime in the U.S.-Israeli strikes on Saturday. Matt Gutman has more on the succession plan.
President Trump released a new statement on Iran Sunday, saying, "Combat operations continue at this time in full force, and they will continue until all of our objectives are achieved." Willie James Inman reports.