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 official DHS statistics, which had not been previously reported, provide the most detailed look yet into who ICE has arrested during the Trump administration's crackdown.
Ghislaine Maxwell invoked her Fifth Amendment right and refused to answer questions during a virtual appearance before the House Oversight Committee.
The FBI says it is taking two emails seriously, including what appears to be a ransom note with a second deadline set for later on Monday.
Google and Pepsi were among the best ads of the Big Game, while Coinbase and ai.com got failing grades, according to one ranking.
Lindsey Vonn thanked a journalist who wished her well on social media a day after suffering a broken leg in a devastating crash at the Winter Olympics in Italy.
Some 2026 Winter Olympics athletes say their winning medals are falling apart, coming detached from their ribbons.
New video footage from the day of the Brown University shooting that killed two students and injured nine others was released Monday.
Family of Jimmy Lai, a Hong Kong media tycoon and vocal critic of China's Communist rule, calls his prison sentence cruel, and the "end of justice."
The 31-year-old Puerto Rican artist Bad Bunny took the stage on Sunday dressed in all white, donning a jersey with his last name, Ocasio, and the number 64.
Puerto Rican superstar Bad Bunny, born Benito Antonio Martínez Ocasio, is one of the most-streamed artists on the planet.
Eddie Bauer, a 106-year-old retailer, points to declining sales and "tariff certainty" as factors behind its latest move to seek bankruptcy protection.
Ghislaine Maxwell invoked her Fifth Amendment right and refused to answer questions during a virtual appearance before the House Oversight Committee.
New video footage from the day of the Brown University shooting that killed two students and injured nine others was released Monday.
The FBI says it is taking two emails seriously, including what appears to be a ransom note with a second deadline set for later on Monday.
Eddie Bauer, a 106-year-old retailer, points to declining sales and "tariff certainty" as factors behind its latest move to seek bankruptcy protection.
Google and Pepsi were among the best ads of the Big Game, while Coinbase and ai.com got failing grades, according to one ranking.
"Black carbon," or soot, that spews from ships and makes the Artic Ocean ice melt even faster is an increasing concern in a region beset with many other issues.
For the first time, a major U.S. automaker is putting a team up against the European giants of Formula One. Can Cadillac be a contender?
For over five centuries, Antwerp's diamond district has been the cornerstone of the global diamond trade. Now, that legacy is under strain.
Ghislaine Maxwell invoked her Fifth Amendment right and refused to answer questions during a virtual appearance before the House Oversight Committee.
The official DHS statistics, which had not been previously reported, provide the most detailed look yet into who ICE has arrested during the Trump administration's crackdown.
Rep. Tony Gonzales said the Dilley detention facility, which houses families and children, is "nicer than some elementary schools."
Republicans and Democrats in Congress are locked in a standoff over reforming the nation's immigration enforcement operation as a deadline to reach a resolution and fund the Department of Homeland Security approaches.
On this "Face the Nation with Margaret Brennan" broadcast, Sen. Mark Warner and Rep. Tony Gonzales join Margaret Brennan.
Ballad Health, the nation's largest state-sanctioned hospital monopoly, plans to rebuild Unicoi County Hospital in Tennessee on land that two climate modeling companies say is at risk of flooding.
Becca Valle, then 37, enrolled in a cutting-edge clinical trial after surgery removed an aggressive tumor from her brain.
More than three dozen cases of death cap mushroom poisonings have been reported in California since November, health officials said.
Here's what to know about TrumpRx, including how it works, who can use it, and how much money it can save.
The Trump administration launched its new TrumpRx direct-to-consumer prescription drug listing site late Thursday, part of a push to offer medication at steep discounts.
Skier Tallulah Proulx, 17, was raised in the U.S., but she's making Olympic history as the Philippines' first female, and youngest athlete in any Winter Games.
Fresh snowfall during recent storms and wind-swept snowcaps on weak internal layers have created especially risky conditions, rescuers said.
Some 2026 Winter Olympics athletes say their winning medals are falling apart, coming detached from their ribbons.
Lindsey Vonn thanked a journalist who wished her well on social media a day after suffering a broken leg in a devastating crash at the Winter Olympics in Italy.
The International Organization for Migration says two infants are among at least 53 people feared dead or missing after a boat capsized off Libya's coast.
Puerto Rican superstar Bad Bunny, born Benito Antonio Martínez Ocasio, is one of the most-streamed artists on the planet.
Ad Age editor-in-chief Jeanine Poggi joins "CBS Mornings" to break down which ads during Super Bowl LX stood out and if some missed the mark.
When self-proclaimed "Quad God" Ilia Malinin landed seven quad jumps in a single program last December, he boisterously ushered in a new era of skating with his daring routines.
The Seattle Seahawks beat the New England Patriots 29-13 in Super Bowl LX on Sunday. Bad Bunny's halftime show highlighted Puerto Rican culture and featured Ricky Martin and Lady Gaga, but drew criticism from President Trump. CBS News correspondent Nidia Cavazos has more.
For the first time, a major U.S. automaker is putting a team up against the European giants of Formula One. Can Cadillac be a contender?
The FAA says it is collaborating with the FBI to detect, track and assess unauthorized drone activity at the Super Bowl.
Gamers across the world can now recreate drone strikes in Ukraine from the comfort of their own home, with this newly released game.
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.
CBS News business analyst Jill Schlesinger talks about how companies are using artificial intelligence, the discussion around the technology and how it's impacting the workforce.
Executives from Waymo and Tesla defended their self-driving vehicle technology in testimony before the Senate Commerce Committee on Wednesday. CBS News' Kris Van Cleave reports and Ian Krietzberg, an AI correspondent at the digital media company Puck, has more.
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.
Ghislaine Maxwell invoked the Fifth Amendment and refused to answer questions during a virtual appearance before the House Oversight Committee on Monday as part of its probe into Jeffrey Epstein. CBS News' Jake Rosen and Taurean Small have the latest.
The investigation into the disappearance of "Today" show co-host Savannah Guthrie's 84-year-old mom, Nancy, continues in its second week. CBS News' Andres Gutierrez breaks down the timeline so far.
New video footage from the day of the Brown University shooting that killed two students and injured nine others was released Monday.
The House Oversight Committee is set to depose Jeffrey Epstein co-conspirator Ghislaine Maxwell on Monday as part of the panel's investigation into the late convicted sex offender. CBS News legal reporter Katrina Kaufman has more.
Authorities visited Nancy Guthrie's home over the weekend to collect evidence from what appeared to be a septic tank. Meanwhile, Savannah Guthrie and her siblings released another video pleading for their mother's release. CBS News' Jonathan Vigliotti has the latest.
The new crew will replace four station fliers who returned to Earth ahead of schedule last month due to a medical issue.
NASA's first crewed moon mission in more than 50 years has been delayed until March at the earliest. During a routine dress rehearsal of the launch, persistent liquid hydrogen leaks were discovered in the Artemis II rocket. CBS News space consultant Bill Harwood breaks it down.
NASA plans to test the planned leak repair with a second dress rehearsal fueling test later this month.
NASA delayed the Artemis II moon rocket launch after a hydrogen leak was found during a wet dress rehearsal, the agency announced Tuesday. CBS News senior space consultant Bill Harwood has the latest.
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.
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.
Ghislaine Maxwell invoked the Fifth Amendment and refused to answer questions during a virtual appearance before the House Oversight Committee on Monday as part of its probe into Jeffrey Epstein. CBS News' Jake Rosen and Taurean Small have the latest.
American alpine skier Tallulah Proulx made history as the first woman to compete for the Philippines in a Winter Olympics. The 17-year-old talks to CBS News' Ramy Inocencio about her historic Olympic debut at the Milano Cortina Games.
Pro-democracy media mogul Jimmy Lai was sentenced to 20 years in prison in Hong Kong on Monday. Lai's son, Sebastien Lai, says the sentence is "devastating but we expected it," and expresses concern for his father's health. Jonathan Price, a member of his legal team, also joins with more.
Less than 14% of immigrants arrested by ICE during President Trump's first year back in office have violent criminal records, a DHS document obtained by CBS News shows. Immigration correspondent Camilo Montoya-Galvez has more.
Team USA took home gold in the team figure skating event on Sunday, bolstered by performances from "Quad God" Ilia Malinin and Amber Glenn. Downhill skier Breezy Johnson also took gold. Meanwhile, Lindsey Vonn is recovering after crashing just seconds into her race. CBS News' Kelly O'Grady has more.