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
As the U.S.-Iran war nears the one-month mark, the fragile global oil market has emerged as a key weapon in Iran's arsenal.
The House passed a measure to fund DHS for 60 days — but it's still unclear how the shutdown will end as the Senate is on recess.
The Trump administration is awaiting Iran's formal response to its 15-point peace proposal, as Tehran continues blocking the Strait of Hormuz.
The Colombian navy said it also seized thousands of gallons of smuggled fuel, preventing "the strengthening of illicit economies."
At this year's CPAC, many attendees toed a fine line between backing the war in Iran and worrying about how the conflict could expand.
The truck, transporting 413,793 KitKat bars, was stolen during transit in Europe, Nestle said.
In 2021, Woods was seriously injured in a rollover crash in Rolling Hills Estates, a Los Angeles suburb.
Ten U.S. service members were injured in an attack on Prince Sultan Air Base in Saudi Arabia, according to multiple U.S. officials.
Bank of America has reached a $72.5 million settlement in a lawsuit that alleges the financial giant helped facilitate the sex trafficking operation of convicted sex offender Jeffrey Epstein.
Bank of America has reached a $72.5 million settlement in a lawsuit that alleges the financial giant helped facilitate the sex trafficking operation of convicted sex offender Jeffrey Epstein.
The U.S. has used close to 1,000 Tomahawk missiles since June 2025 and has been procuring them at a rate of about 90 per year.
The Artemis II countdown will begin March 30, setting up a launch attempt on April 1 at 6:24 p.m. Eastern Time.
In 2021, Woods was seriously injured in a rollover crash in Rolling Hills Estates, a Los Angeles suburb.
Seizing the highly enriched uranium would be more difficult and complex than anything U.S. Special Operations forces have ever attempted, military experts told CBS News.
Bank of America has reached a $72.5 million settlement in a lawsuit that alleges the financial giant helped facilitate the sex trafficking operation of convicted sex offender Jeffrey Epstein.
More than 7 million student loan borrowers who've been enrolled in a Biden-era repayment plan will receive notices with instructions to seek a new plan to repay their debt.
The Department of Homeland Security said TSA agents should begin receiving pay as early as Monday, March 30.
About 1 in 4 Americans are using AI chatbots to prepare their tax returns, but experts warn the tools can produce outdated or inaccurate guidance.
As the war with Iran continues, CBS News is tracking gas and oil prices. Find out how much more it costs to fill up your tank or heat your house.
At this year's CPAC, many attendees toed a fine line between backing the war in Iran and worrying about how the conflict could expand.
As the U.S.-Iran war nears the one-month mark, the fragile global oil market has emerged as a key weapon in Iran's arsenal — and some shipping and insurance experts don't expect the situation to return to normal until the conflict winds down.
More than 7 million student loan borrowers who've been enrolled in a Biden-era repayment plan will receive notices with instructions to seek a new plan to repay their debt.
The U.S. has used close to 1,000 Tomahawk missiles since June 2025 and has been procuring them at a rate of about 90 per year.
Ten U.S. service members were injured in an attack on Prince Sultan Air Base in Saudi Arabia, according to multiple U.S. officials.
David Lyon is one of the rising number of young adults to be diagnosed with colorectal cancer.
Here's what to know about peptides, what they can and can't do, and what's driving viral claims about possible health benefits online.
Dr. Jay Bhattacharya, head of the National Institutes of Health and interim leader of the Centers for Disease Control and Prevention, told staff a permanent CDC director could be nominated soon. "I know that it has been such a difficult year," he said.
Federal health officials posted a warning about misleading statements by biotech billionaire Dr. Patrick Soon-Shiong about his company's bladder cancer drug Anktiva.
Doctors fear that skepticism, fueled by anti-science sentiment and mistrust, is extending beyond vaccines to other proven, routine care.
The Colombian navy said it also seized thousands of gallons of smuggled fuel, preventing "the strengthening of illicit economies."
Leo became the first pope to visit the glitzy enclave since Pope Paul III went to Monaco in 1538.
The truck, transporting 413,793 KitKat bars, was stolen during transit in Europe, Nestle said.
The U.S. has used close to 1,000 Tomahawk missiles since June 2025 and has been procuring them at a rate of about 90 per year.
Ten U.S. service members were injured in an attack on Prince Sultan Air Base in Saudi Arabia, according to multiple U.S. officials.
Rockstar Billy Idol spoke to Anthony Mason about how he broke into music, why he says he's lucky to be alive and what it's like to be a grandparent.
The finale of the FX series "Love Story" aired Thursday and has captivated audiences as it follows the romance between John F. Kennedy. Jr. and Carolyn Bessette Kennedy. The limited series focuses on well-documented moments in the couple's lives, but fills in the rest with fiction. It has also received some backlash. Adriana Diaz reports.
Savannah Guthrie is speaking out about her mom's disappearance as she prepares to return to the "Today" show. CBS News' Jonathan Vigliotti reports.
The price hike raises the cost of the standard plan with ads by $1 per month and the cost of the standard and premium plans by $2.
Savannah Guthrie stepped back from her NBC duties almost two months ago when her mother, Nancy Guthrie, disappeared. The investigation is ongoing.
A judge has temporarily blocked the Pentagon's attempt to designate Anthropic as a supply chain risk. CBS News legal contributor Jessica Levinson joins with analysis.
A mother and daughter in Kentucky have turned down a $26 million offer for their land. The offer came from an unnamed tech company wanting to build a data center. CBS News' Jared Ochacher spoke with the family.
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.
As AI use rises, many see it decreasing the number of jobs available.
New research from the Society of Human Resource Management shows which regions and jobs are most at risk from artificial intelligence. Johnny Taylor, president and CEO of SHRM, joins CBS News to discuss the findings.
Arctic sea ice levels are crucial to Earth's climate because, without the ice reflecting sunlight, more heat energy goes into the oceans.
Marine biologists found detectable levels of caffeine, cocaine and the over-the-counter painkillers in the blood of 28 sharks.
Here's what to know about peptides, what they can and can't do, and what's driving viral claims about possible health benefits online.
The staff at a Florida sea turtle hospital is monitoring some animals they've rehabilitated from space -- especially amputees, such as one they named Amelie, who's back at sea.
The seed reveals that people in France have been cultivating the popular variety of grape since at least the 1400s, scientists say.
The Colombian navy said it also seized thousands of gallons of smuggled fuel, preventing "the strengthening of illicit economies."
The truck, transporting 413,793 KitKat bars, was stolen during transit in Europe, Nestle said.
Tiger Woods was charged with driving under the influence after a car crash in Jupiter, Florida, on Friday, authorities announced during a news conference. CBS News' Anna Schecter joins with more.
The man suspected in the murder of Loyola University freshman Sheridan Gorman had his detention hearing on Friday. CBS News reporter Ash-har Quraishi has the details.
A federal judge is hearing arguments on the Fulton County case involving alleged voting irregularities during the 2020 election. CBS News' Skyler Henry reports.
Four NASA astronauts are gearing up for a historic mission to return humans to deep space for the first time in over 50 years. The crew touched down at the Kennedy Space Center in Florida on Friday for final preparations ahead of next week's planned Artemis II launch. CBS News space consultant Bill Harwood has more.
It's the dawn of a new lunar era for NASA, with the four-person Artemis II crew arriving Friday afternoon at Florida's Kennedy Space Center after spending two weeks quarantining in Houston. CBS News space contributor Christian Davenport joins "The Takeout" to preview the mission.
The Artemis II countdown will begin March 30, setting up a launch attempt on April 1 at 6:24 p.m. Eastern Time.
The countdown is on for NASA's return to the moon. CBS News senior national correspondent Mark Strassmann reports on the upcoming Artemis II launch from the Kennedy Space Center in Cape Canaveral, Florida.
The comet originated in the outer solar system and visits the inner solar system every 5.4 years.
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.
A young boy, who showed to the hospital for a procedure alone, gets a happy ending when his doctor adopts him – and helps his siblings too. Plus, more heartwarming news.
"48 Hours" correspondents Natalie Morales and Peter Van Sant discuss the case of Gary Herbst, who was reported missing in 2014, and an exclusive interview with his convicted killer.
A girls' basketball team appealed their victory after the coach discovered they didn't actually win. Now, they're being lauded for their character. Steve Hartman has the update.
By the end of the night, the NCAA men's March Madness tournament will be down to just eight teams left. Nate Burleson has a preview.
According to a statement from Iran's Revolutionary Guards, the Strait of Hormuz is closed, and they vowed a severe response to any ship trying to get through. That seemed to contradict President Trump's claim that Iran had allowed 10 ships through the Strait as a gift. Holly Williams has details.