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
President Trump announced a deal to grant the U.S. control of more than 60 billion barrels of proven Venezuelan oil reserves.
In June, the FBI quietly lowered some of the standards it uses when it conducts background checks on would-be federal agents and other personnel.
Rescuers pulled out survivors and helicopters ferried people to safety as Nepal and China raced to respond after catastrophic flash floods killed hundreds of people.
A Department of Homeland Security spokesperson said Milo Yiannopoulos "chose to overstay his welcome."
President Trump insists Iran is "begging to make a deal" to end the war, but Tehran, and crucially China, say his economic warfare tactics will fail.
"Space is the hot thing," President Trump said at the NASA Johnson Space Center in Houston.
The Lindsay Clancy trial jury continued their deliberations Friday and it could be days before they reach a verdict, a legal expert says.
The White House said President Trump will "pay tribute to the brave first responders who put their lives on the line."
The international airport in Nashville, Tennessee, would be renamed for Dolly Parton under a proposal by Tennessee's governor.
On a path in Austin, Texas, a chance meeting changed the lives of two men with one thing in common.
The White House said President Trump will "pay tribute to the brave first responders who put their lives on the line."
The international airport in Nashville, Tennessee, would be renamed for Dolly Parton under a proposal by Tennessee's governor.
Trading of sports event contracts on Kalshi constitutes gambling, appeals court rules in siding with Nevada officials.
In June, the FBI quietly lowered some of the standards it uses when it conducts background checks on would-be federal agents and other personnel.
President Trump announced a deal to grant the U.S. control of more than 60 billion barrels of proven Venezuelan oil reserves.
Juul plans to market the new device under the brand name Juul2, along with updated versions of its tobacco- and menthol-flavored cartridges.
Trading of sports event contracts on Kalshi constitutes gambling, appeals court rules in siding with Nevada officials.
New federal labor figures forecast the fastest-growing U.S. job sectors over the next decade.
David Booth, the founder of Dimensional Fund Advisors, says the key to investing — and life — is to stay calm in the face of uncertainty.
President Trump announced a deal to grant the U.S. control of more than 60 billion barrels of proven Venezuelan oil reserves.
A federal judge has again blocked President Trump's bid to erase his hush money conviction in New York.
The White House said President Trump will "pay tribute to the brave first responders who put their lives on the line."
In June, the FBI quietly lowered some of the standards it uses when it conducts background checks on would-be federal agents and other personnel.
A Department of Homeland Security spokesperson said Milo Yiannopoulos "chose to overstay his welcome."
Juul plans to market the new device under the brand name Juul2, along with updated versions of its tobacco- and menthol-flavored cartridges.
Caused by parasites spread via Anopheles mosquitoes, malaria can cause symptoms including nausea, headache and intense waves of fever and chills.
U.S. officials have confirmed cases of a parasitic illness tied to lettuce in three more states: Georgia, Tennessee and Texas.
Patients taking the first-of-a-kind pill, called daraxonrasib, lived for a median of 13.2 months compared with 6.7 months for chemotherapy recipients, studies showed.
Dr. Laura Cox, an assistant professor at Brigham and Women's Hospital and Harvard Medical School, explains how our dietary patterns play a significant role in our gut and long-term brain health.
A California couple were in a Nepali village when an avalanche of powerful waters ripped down from the high Himalayas toward them.
President Trump announced a deal to grant the U.S. control of more than 60 billion barrels of proven Venezuelan oil reserves.
Carlos Tellez Sanchez had worked at a car dealership in Dallas during the day and drove for Uber Eats at night to support his family.
Anil Goel sent his family in the U.S. a photo of his tour group at the Nepal-Tibet border just before the area was hit by a wall of mud and water.
Caused by parasites spread via Anopheles mosquitoes, malaria can cause symptoms including nausea, headache and intense waves of fever and chills.
In the days since her death, Dolly Parton has become the most-streamed artist in the world and might be getting an airport named after her. Nicole Valdes has more.
The international airport in Nashville, Tennessee, would be renamed for Dolly Parton under a proposal by Tennessee's governor.
Closing arguments in the trial of a man accused of orchestrating Tupac Shakur's murder are expected on Monday. CBS News' Jared Ochacher spoke with one of Shakur's former collaborators, rapper E-40, about the late artist.
Zac Brown of the Zac Brown Band joins "CBS Mornings" to reflect on his friendship with Dolly Parton and her enduring legacy.
Tributes pour in for country music icon and humanitarian Dolly Parton. Thousands of fans signed a petition asking officials to name Nashville's airport after her. Plus, her family is sharing more information.
Employee attitudes toward AI are closely tied to their age and generational concerns, according to Glassdoor.
Hospitals, technology firms and other companies could soon be at risk from AI-enabled cyberattacks, according to a new open letter from more than 100 signatories.
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.
Microsoft founder and computer pioneer Bill Gates changed the world forever with his technological innovation. Now, Gates is warning that the development of artificial intelligence without strong oversight and regulation could threaten society as we know it. MIT professor Max Tegmark shares his concerns.
A series of lawsuits accused tech giant Meta of purposefully designing social media apps to entice users and cause social media addiction. Meta will pay out $17 billion in a landmark settlement. CBS News' Jarred Hill reports.
Marmots, not bears, are the largest "true" hibernating mammal, UCLA marmot researchers Katie Adler and Emily Renkey say. The two share more fun facts about these cute creatures and explain how to vote for the fattest marmot.
NASA's new telescope could change the way we see space. With a wide-field camera that will reveal an area up to 200 times larger than the Hubble Space Telescope, and an orbit a million miles from Earth, the Nancy Grace Roman telescope is expected to find tens of thousands of unknown exoplanets.
The Great Smoky Mountains National Park told visitors Tuesday that invasive Joro spiders "may be hanging in a web near you."
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
July was the hottest month ever in the Lower 48 States, breaking a record last set during the Dust Bowl – just another step in the escalation of our world into a hotter, more dangerous planet. Correspondent Jonathan Vigliotti talks with climate journalist Jeff Goodell and atmospheric scientist Maria Molina about how changes in Earth's climate are increasing the likelihood that extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
Attorneys finalized jury instructions with the judge Friday after witness testimony wrapped Thursday in the trial of Duane Davis, also known as "Keefe D," who's accused of orchestrating the drive-by shooting that killed Tupac Shakur in 1996. Davis has denied the allegations. CBS News' Katrina Kaufman has more.
The jury in the trial of Lindsay Clancy, the woman accused of murdering her three young children, is still deliberating on whether to accept her postpartum psychosis defense. Shanelle Kaul reports and Caroline Polisi provides legal analysis.
British right-wing political commentator Milo Yiannopoulos, who supported President Trump's agenda, is being held by ICE for allegedly overstaying his visa. Nancy Cordes has the details.
Jurors went home for the weekend Friday with deliberations set to resume Monday morning in the trial of Lindsay Clancy. Clancy has admitted to killing her three young children, but is arguing she was suffering from postpartum psychosis. CBS News' Shanelle Kaul has more.
The jury in the Lindsay Clancy murder trial went home Friday after asking questions about Clancy's medication and the knife used in her suicide attempt. CBS News correspondent Shanelle Kaul reports.
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
The only total solar eclipse of 2026 crossed the Northern Hemisphere Wednesday, with a path of totality across parts of Greenland, Iceland and northern Spain. See photos and video from the best viewing locations.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Milo Yiannopoulos placed in ICE custody; Clancy jury still undecided after 9 hours.
Coming up on 25 years since the September 11th terrorist attacks, the effort to bring to justice the alleged mastermind, Khalid Sheikh Mohammed, has hit a major obstacle. CBS News has learned a military judge ruled this week that his confessions made to FBI agents at Guantanamo Bay were not voluntary and cannot be used at his trial, now set for June of 2028. Those FBI agents are featured in an upcoming CBS documentary, "Daughters of 9/11," which airs Friday, September 11, on CBS and Paramount Plus.
Amy and Jamie Shinneman plan to run their fifth marathon together in Sydney, Australia, on Aug. 30 as part of their mission to race all eight Abbott World Marathon Majors. But what sets them apart from other individual runners is that they compete together as a team. Amy has Bethlem myopathy, a rare form of muscular dystrophy, so Jamie pushes her in a racing wheelchair. They hope their story can inspire others with disabilities to chase big dreams, too.
Dan Wolken, senior writer for Yahoo Sports, joins CBS News to preview the upcoming U.S. Open tennis tournament.
Sixty-three years after the March on Washington, thousands gathered Friday in the nation's capitol for a Defend the Vote rally and warned that voting rights are under attack again. Earlier this year, the Supreme Court weakened a key provision of the Voting Rights Act of 1965, making it harder for people to challenge voting maps they argued were racially discriminatory. Tylik McMillan, national director of youth and college for the NAACP and one of the speakers at Friday's march, joins CBS News to talk about the day.