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
The House is set to vote on funding major parts of the government to end the partial shutdown. Follow live updates here.
Investigators are combing through the house of "Today" show co-host Savannah Guthrie's mother, Nancy, in search of clues to the 84-year-old's disappearance.
Reshona Landfair, known as Jane Doe during R. Kelly's 2022 trial, speaks to "CBS Mornings" for her first TV interview about her new memoir.
Lindsey Vonn, 41, said she ruptured her left anterior cruciate ligament, or ACL, but that she was still planning to compete.
President Trump says his administration is seeking $1 billion in damages from Harvard University after a published report said the school had won some concessions in ongoing settlement negotiations with the government.
French officials search X's office in Paris and ask Elon Musk to answer questions about the platform amid a probe into its algorithms and AI functions.
A slew of notable individuals appear in the latest Justice Department release of Jeffrey Epstein files.
Senators Jeanne Shaheen of New Hampshire and Susan Collins of Maine sent Defense Secretary Pete Hegseth a letter warning against any changes that could affect victims' care.
Peter Attia, a doctor and author well known for his research on longevity, is apologizing for what he calls "embarrassing, tasteless, and indefensible" emails he exchanged with Jeffrey Epstein.
Investigators are combing through the house of "Today" show co-host Savannah Guthrie's mother, Nancy, in search of clues to the 84-year-old's disappearance.
A NASA mission is underway to map the heliosphere, which is a huge protective bubble around the solar system that was created by the sun.
Lindsey Vonn, 41, said she ruptured her left anterior cruciate ligament, or ACL, but that she was still planning to compete.
Josh D'Amaro, who oversees Disney theme parks and dozens of resort hotels worldwide, will become the next Disney CEO.
For the first time, the top 10 cars on Consumer Reports' annual list of best new vehicles also include electric or hybrid models.
Josh D'Amaro, who oversees Disney theme parks and dozens of resort hotels worldwide, will become the next Disney CEO.
For the first time, the top 10 cars on Consumer Reports' annual list of best new vehicles also include electric or hybrid models.
Many Super Bowl 60 ads are already online, along with teasers for commercials that will be unveiled during the NFL championship on Feb. 8.
Starting early Wednesday, United customers won't be able to book flights and access other services as the airline upgrades its reservation system.
The American Federation of Teachers called on Target CEO Michael Fiddelke to "clearly state" that the company wants ICE agents to leave Minnesota.
President Trump says his administration is seeking $1 billion in damages from Harvard University after a published report said the school had won some concessions in ongoing settlement negotiations with the government.
The House is set to vote on funding major parts of the government to end the partial shutdown. Follow live updates here.
The Hennepin County sheriff is considering whether to notify ICE before releasing people accused of the "worst of the worst" crimes — murder, rape and violent felonies.
Senators Jeanne Shaheen of New Hampshire and Susan Collins of Maine sent Defense Secretary Pete Hegseth a letter warning against any changes that could affect victims' care.
Don Lemon says he offered to turn himself in to face charges over his coverage of a protest at a church but federal agents were sent for him anyway.
Many Americans are expected to lose ACA or Medicaid coverage in the coming months and years, but doctors and researchers say there are still ways to find affordable care.
As health care costs skyrocket and federal lawmakers pull back help on ACA insurance premiums, more middle-income families are facing tough choices on health care.
In this web exclusive, author and podcaster Mel Robbins talks with Norah O'Donnell about "The Let Them Theory."
In her latest bestseller, the motivational speaker discusses how personal growth is only possible when you stop pouring energy into things you cannot control – which includes changing other people.
Sgt. Chris Johnson was told that his heart condition had nearly been "instantly fatal." Rapid medical care and rigorous therapy helped him recover.
"The waves are massive and I have no life jacket on. … I just kept thinking 'just keep swimming, just keep swimming,'" Austin Appelbee said.
French officials search X's office in Paris and ask Elon Musk to answer questions about the platform amid a probe into its algorithms and AI functions.
President Trump announced that he and Indian Prime Minister Narendra Modi have agreed to a trade deal that will lower tariffs and halt India's purchase of Russian oil.
The victim's wife managed to escape after park rangers scared the animal away, officials said.
Norwegian Crown Princess Mette-Marit's son hit with new criminal charges as she apologizes for "poor judgment" over Epstein ties.
Activist Gloria Steinem, who has fought for the rights of every woman, is on a mission to inspire the next generation. She is collaborating with Nobel Peace Price laureate Leymah Gbowee, who helped end the civil war in Liberia, on a new children's book. They talk to "CBS Mornings" about their experiences in their fight for equality and deciding to collaborate.
Three former winners of the Westminster Kennel Club Dog Show and their handlers join "CBS Mornings" ahead of this year's Best in Show title being awarded Tuesday. They talk about how they prepared to compete and what retirement is like now.
Josh D'Amaro, who oversees Disney theme parks and dozens of resort hotels worldwide, will become the next Disney CEO.
NFL commissioner Roger Goodell spoke Monday about this year's Super Bowl halftime performer, Bad Bunny, following the artist's message about ICE at the Grammy Awards on Sunday. Goodell said the halftime performance is "used to unite people" and added, "I think Bad Bunny understands that and I think he'll have a great performance."
Chuck Negron, a founding member of Three Dog Night whose lead vocals powered a string of hits for one of the top rock acts of the late 1960s and early '70s has died. He was 83.
Moltbook, a social media platform for AI agents to interact, is growing. The Verge senior AI reporter Hayden Field joins CBS News with more details.
Moltbook was launched last week by a software developer and mirrors the template of Reddit, but it's not for humans. Instead, it allows artificial intelligence agents to post written content and interact with other chatbots through comments, up-votes and down-votes. Tyler Cowen, professor of economics at George Mason University, joins CBS News to discuss.
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.
A new report from Bloomberg says Amazon found hundreds of thousands of cases of suspected child sex abuse material in its AI training data. Bloomberg tech reporter Riley Griffin joined CBS News to discuss.
While Thomas Edison's cylinders were the first to play recorded sound, they were impractical – leading Emile Berliner to come up with a better way to play music: The gramophone, invented in 1887, which played flat discs. Jane Pauley reports.
After decades monitoring polar bears in Norway's far north, researchers say the animals have proven incredibly adaptable, but there are no guarantees for the future.
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
"CBS Saturday Morning" learns more about Veronika, the clever cow who figured out multiple ways to scratch herself with a broom. It was the first time a cow was seen using a tool.
"Sunday Morning" looks back at historical events on this date.
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Investigators are combing through the house of "Today" show co-host Savannah Guthrie's mother, Nancy, in search of clues to the 84-year-old's disappearance.
Survivors of convicted sex offender Jeffrey Epstein's crimes, and their families, are decrying the Justice Department's latest release of three million files containing unredacted images and identities. Meanwhile, former President Bill Clinton and former Secretary of State Hillary Clinton agreed to testify before the House Oversight Committee in the Epstein investigation. CBS News' Katrina Kaufman and Nikole Killion have the latest.
The search is escalating for "Today" host Savannah Guthrie's 84-year-old mother, Nancy, who police believe was abducted from her Arizona home over the weekend. CBS News' Andres Gutierrez has the latest.
The First Amendment is bound to be a focus of Don Lemon's case as he faces charges for entering a church to document an anti-ICE protest in Minneapolis. CBS News contributor Jed Rubenfeld, a columnist for the Free Press, has more.
Bill and Hillary Clinton are willing to testify on the Jeffrey Epstein investigation, a change from their initial stance. CBS News' Nikole Killion reports.
A NASA mission is underway to map the heliosphere, which is a huge protective bubble around the solar system that was created by the sun.
NASA says it can't try until March at the earliest to send a crewed spacecraft on a flight around the moon and back, due to hydrogen leaks during testing of the Artemis II rocket.
Artemis II echoes the Apollo-era missions that paved the way for the first moon landing — and sets the stage for what comes next.
More than 50 years after NASA's last human mission to the moon, four astronauts, three Americans and a Canadian, are set for the 10-day Artemis II mission to the far side of the moon.
If the countdown and fueling test go well, four astronauts will set their sights on a Super Bowl Sunday launch to the moon.
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.
SpaceX acquired xAI to create a company valued at $1.25 trillion, SpaceX announced. Al Root, an associate editor at Barron's, joins with more.
Andrew Bakaj, the chief legal counsel for Whistlbloweraid.org and a lawyer for the whistleblower accusing Director of National Intelligence Tulsi Gabbard of stalling the review of a complaint against her, joins CBS News 24/7 Mornings to discuss.
President Trump said on former FBI Deputy Director Dan Bongino's podcast that he thinks Republicans should push to "nationalize" elections amid ongoing, unfounded claims of election fraud. CBS News White House reporter Olivia Rinaldi has more.
On this edition of CBS Mornings Deals, we show you items that might just become essentials in your everyday life. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
Activist Gloria Steinem, who has fought for the rights of every woman, is on a mission to inspire the next generation. She is collaborating with Nobel Peace Price laureate Leymah Gbowee, who helped end the civil war in Liberia, on a new children's book. They talk to "CBS Mornings" about their experiences in their fight for equality and deciding to collaborate.