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
Health officials will begin the complex process of evacuating the passengers and most of the crew, and repatriating them to their respective countries.
The plane was evacuated because of smoke in the aircraft after the collision, according to the flight crew.
President Trump said Saturday he "expects to hear very soon" from the Iranians.
Former reality TV star Spencer Pratt opened up about his run for mayor of Los Angeles in an exclusive interview with CBS News.
The Victory Day celebrations didn't include a show of heavy weapons for the first time in nearly two decades.
Péter Magyar's center-right Tisza party defeated Orbán's nationalist-populist Fidesz in a stunning blow last month.
The San Luis Obispo County Sheriff's Office has concluded its latest search connected to the disappearance of Kristin Smart, but officials say her remains were not recovered.
Several people were hurt after a possible boat explosion Saturday near the Haulover Sandbar in Miami, Florida.
Kirk Moore, the Oklahoma principal who tackled a gunman, sits down with CBS News for a network exclusive interview airing Monday on "CBS Mornings."
Beverly Hills detectives responding to the death of 67-year-old Violet Yacobi — who was found on the marble floor below a staircase in her mansion — suspected foul play and her dentist son, and wondered if the family fortune was a motive for murder.
Former reality TV star Spencer Pratt opened up about his run for mayor of Los Angeles in an exclusive interview with CBS News.
Cox managed the Braves for 25 seasons, winning the World Series in 1995.
The plane was evacuated because of smoke in the aircraft after the collision, according to the flight crew.
A pedestrian was hit by a Frontier airplane departing Denver for LA late Friday night, the airport and airline confirmed.
A "hawkish" turn at the Fed and stubbornly high inflation could delay interest rate cuts, according to Bank of America economists.
A trade court's ruling this week against a 10% U.S. tariff is narrow in scope, offering limited relief to importers. Here's what to know.
ABC filed a petition with the FCC claiming that the agency's scrutiny of "The View" threatens to "chill critical protected speech."
Hiring once again exceeded forecasts, with employers adding far more than the projected gains of 65,000.
The tariffs were put in place in February, days after the Supreme Court struck down President Trump's previous round of sweeping "Liberation Day" tariffs.
Former reality TV star Spencer Pratt opened up about his run for mayor of Los Angeles in an exclusive interview with CBS News.
The U.S. military's latest strike on an alleged drug-trafficking boat in the eastern Pacific Ocean killed two men Friday while leaving one survivor.
Alabama lawmakers have approved a plan for new House primaries if courts allow the state to use different congressional districts in this year's elections.
A trade court's ruling this week against a 10% U.S. tariff is narrow in scope, offering limited relief to importers. Here's what to know.
President Trump said the agreement will swap 1,000 prisoners from each country after Russia and Ukraine announced separate short-term ceasefire plans.
Health officials will begin the complex process of evacuating the passengers and most of the crew, and repatriating them to their respective countries.
In just hours, the cruise ship at the center of a deadly hantavirus outbreak is expected to arrive in the Canary Islands. All the passengers will then be evacuated to their home countries, including 17 Americans. Ramy Inocencio reports and Dr. Jon LaPook has more on the virus.
More than 100 people from a cruise ship dealing with an outbreak of the rare and deadly hantavirus are set to be disembarked.
Maralee Lellio always dreamed of having a large family. A Stage IV cancer diagnosis almost caused her to lose hope.
In 2002, Zermeño found out he contracted hantavirus after cleaning the family house following the death of his mother and sister. He had been exposed to rodent droppings and became infected.
Health officials will begin the complex process of evacuating the passengers and most of the crew, and repatriating them to their respective countries.
The Victory Day celebrations didn't include a show of heavy weapons for the first time in nearly two decades.
Péter Magyar's center-right Tisza party defeated Orbán's nationalist-populist Fidesz in a stunning blow last month.
More than 100 people from a cruise ship dealing with an outbreak of the rare and deadly hantavirus are set to be disembarked.
British Prime Minister Keir Starmer pledged Saturday to revive the Labour Party after a disastrous set of local and regional elections.
Adriana Diaz goes behind the scenes with her prep ahead of this year's Met Gala.
Hiss Golden Messenger is a project led by North Carolina singer-songwriter MC Taylor. The Grammy-nominated group blends multiple genres with earnest and reflective lyrics to create a unique sound. Here's Hiss Golden Messenger performing "Who You Gonna Run To?"
Hiss Golden Messenger is a project led by North Carolina singer-songwriter MC Taylor. The Grammy-nominated group blends multiple genres with earnest and reflective lyrics to create a unique sound. Here's Hiss Golden Messenger performing "Last Orders."
Hiss Golden Messenger is a project led by North Carolina singer-songwriter MC Taylor. The Grammy-nominated group blends multiple genres with earnest and reflective lyrics to create a unique sound. Here's Hiss Golden Messenger performing "In the Middle of It."
A Frontier plane struck a pedestrian on the runway in Denver before takeoff. Meanwhile, the cruise ship with a hantavirus outbreak is set to evacuate passengers on Spain's Canary Islands.
The online learning platform Canvas, which is used by 30 million students around the world, was hacked Thursday in a massive cyberattack. The platform is used by thousands of schools, including major universities. Jo Ling Kent reports.
A system that thousands of schools and universities use was offline due to a cyberattack.
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 more people turn to chatbots for financial advice, experts say AI offers both pros and cons for retirement planning. Here's what to know.
Fitness trackers started as devices for measuring workouts, but now they are designed for 24/7 monitoring and the passive collection of health data. Fitbit announced its latest device, called the Fitbit Air, to compete with other screenless trackers like the Whoop. Tech journalist Lexi Savvides joins CBS News with more.
The Pentagon released UFO documents on Friday, with President Trump telling the public to "have fun" deciding for itself what is going on. Carter Evans reports.
Defense Secretary Pete Hegseth said it's time for the American people see it for themselves, as the Pentagon started releasing previously classified documents related to UFOs and UAPs. CBS News Pentagon reporter Eleanor Watson has more.
The Pentagon on Friday released and declassified numerous files on UFOs, including eyewitness testimony, photos and reports. Government knowledge of non-human intelligent life was the subject of the documentary "The Age of Disclosure," released in February. Its director and producer, Dan Farah, joins CBS News to discuss.
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
If confirmed, the rock would become just the second world past Neptune in our solar system to host an atmosphere.
Beverly Hills detectives try to figure out how a widow ended up dead below a staircase in her mansion. "48 Hours" correspondent Erin Moriarty reports.
Beverly Hills detectives responding to the death of 67-year-old Violet Yacobi — who was found on the marble floor below a staircase in her mansion — suspected foul play and her dentist son, and wondered if the family fortune was a motive for murder.
The search for Michigan mother Lynette Hooker headed into a fifth week as Coast Guard investigators seek to question the owners of a sailboat that was moored near the Hooker's vessel when she went missing. Cristian Benavides reports.
CBS News homeland security correspondent Nicole Sganga returned to the Hilton Hotel in Washington, D.C., to better understand the security surrounding the White House Correspondents' Dinner. What she found was a 13-minute gap in security camera coverage in the moments leading up to the shooting.
A federal judge has made public an apparent suicide note written by convicted sex offender Jeffrey Epstein. CBS News' Anna Schecter reports.
NASA's Apollo 17 crew reported seeing three mysterious dots and sparks that resembled fireworks, according to new files released by the Pentagon.
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
If confirmed, the rock would become just the second world past Neptune in our solar system to host an atmosphere.
The Artemis II team gained a new member, and the crew made sure their youngest teammate had the right stuff for space.
The Artemis II astronauts said they actually really enjoyed the space food, but it was a familiar candy they enjoyed after splashing down in the Pacific Ocean.
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.
Beverly Hills detectives try to figure out how a widow ended up dead below a staircase in her mansion. "48 Hours" correspondent Erin Moriarty reports.
This week, Pope Leo XIV marked one year since his historic election, from a low-profile priest from Chicago to one of the most recognizable people on the planet. Noel Brennan visited some of his biggest supporters.
Scientists have been stunned this week by hundreds of thousands of sea creatures washing up along the West Coast. Carter Evans reports.
Hall of Fame baseball manager Bobby Cox has died at 84 years old. His teams won five National League pennants and the World Series in 1995.
President Trump is overseeing an overhaul of some of D.C.'s most treasured landmarks and this week, shot back when asked why he'd focus on these projects during a war. Aaron Navarro reports.