
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.
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.
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.
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.
"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.
Many tax benefits instituted during the pandemic have lapsed, which means some people could see smaller refunds.
IRS officials say 9 million Americans are still eligible for stimulus aid, but clock is ticking to claim funds.
Some Americans, especially those who don't pay taxes, may still be due some pandemic money, a government report says.
Five days after deadly floods struck central Texas, search and rescue teams are continuing to probe debris for those still missing.
The Supreme Court on Tuesday lifted a lower court order that blocked sweeping layoffs of federal workers at nearly two dozen agencies.
Song Kum Hyok is accused of masterminding a scheme in which North Korean cyber operatives posed as U.S. remote IT workers for unwitting companies.
Multiple rescue missions were underway in Ruidoso, New Mexico, the National Weather Service said Tuesday.
Young girls, camp employees and vacationers are among the more than 100 people who died when Texas' Guadalupe River flooded.
Beef costs around the U.S. surged to a record high in May. What's driving that jump, and are prices likely to ease up?
Change is afoot at some U.S. airports as passengers no longer have to remove their shoes while going through TSA security screenings.
President Trump nominated Waltz to be U.S. ambassador to the United Nations in May after he was ousted as national security adviser.
The imposter used artificial intelligence to contact government and foreign officials impersonating Secretary of State Marco Rubio, according to a cable obtained by CBS News.
More than 100 people were killed and over 160 remained missing as of Tuesday evening after flooding hit Central Texas.
Research shows that human-caused climate change is warming ocean waters, which is fueling stronger and more intense hurricanes.
The antisemitic posts from Grok came days after Elon Musk wrote on X that the chatbot had been improved "significantly."
Prosecutors said Doc Antle sold or bought cheetahs, lions, tigers and a chimpanzee without the proper paperwork for a decade.
Multiple rescue missions were underway in Ruidoso, New Mexico, the National Weather Service said Tuesday.
As of Tuesday, passengers at U.S. airports are no longer required to remove their shoes during the TSA screening process.
Beef costs around the U.S. surged to a record high in May. What's driving that jump, and are prices likely to ease up?
The rise in investor home purchases reflects how much the housing market has slowed as traditional buyers are sidelined, according to BatchData.
There could be legal risks associated with using AI to determine who climbs the corporate ladder and who loses their job.
The new training academy in Manhattan will be geared toward training educators in an effort to harness AI technology in the classroom.
Federal prosecutors say two people helped sell an SKS rifle to Ryan Routh six weeks before he allegedly tried to shoot President Trump.
"Are you still talking about Jeffrey Epstein?" President Trump said in response to questions about the convicted sex offender.
President Trump nominated Waltz to be U.S. ambassador to the United Nations in May after he was ousted as national security adviser.
The Supreme Court on Tuesday lifted a lower court order that blocked sweeping layoffs of federal workers at nearly two dozen agencies.
Song Kum Hyok is accused of masterminding a scheme in which North Korean cyber operatives posed as U.S. remote IT workers for unwitting companies.
As the Trump administration continues its push to detain undocumented immigrants, doctors are hearing that some patients are avoiding health care settings out of fears over possible ICE raids.
Efforts to decrease alarmingly high rates of suicide among construction workers and prevent burnout in health care workers are in jeopardy.
Firearms are the leading cause of death among children and teenagers in the United States, and new research found that Florida adolescents carrying handguns increased by 65% from 2002 to 2022.
Boston nurse practitioner Alexa Nicholls Costa wants to help couples struggling with infertility by assisting with the numerous injections that are part of in vitro fertilization.
A new care center for homeless people on Los Angeles' infamous Skid Row embraces the principle of harm reduction, a more lenient approach to drug use and addiction.
Bruno's trainer urged police to "find the killers before I do."
Police have arrested 3 people over a brutal attack on a family in India who were accused of witchcraft.
CBS News uncovered multiple paid advertisements on Meta's Instagram stories feature that lead to Telegram channels that promote sex work in the U.S. and other countries
Yemen's Houthi rebels killed 3 mariners with an attack on a ship in the Red Sea, a European naval force says, fueling concern over a possible new wave of attacks by the Iran-backed group.
Flights at Milan Bergamo Airport were suspended for almost two hours after a man was sucked into a jet engine and killed, according to Italian news agency ANSA.
A Los Angeles festival called Belly Laughs includes headliners Margaret Cho, Kumail Nanjiani, Bobby Lee and Hasan Minhaj. Lisa Ling shares a meal and conversation with Cho and performer Joel Kim Booster to talk about the cultural power of food and humor.
Award-winning actor Michael C. Hall joins "CBS Mornings" to discuss his return in "Dexter: Resurrection," the highly anticipated sequel series set in New York City. The show picks up ten weeks after the events of "Dexter: New Blood," with Dexter awakening from a coma and hunting a new serial killer.
In an exclusive announcement on "CBS Mornings," Oprah Winfrey names Culpability her latest summer read. Author Bruce Holsinger joins Oprah and Gayle King to discuss the gripping novel about a family, a deadly crash, and the moral consequences of AI.
Parvati Shallow, one of the most iconic "Survivor" contestants of all time, joins "CBS Mornings" to reflect on her reality TV journey and discuss her new memoir, "Nice Girls Don't Win."
Sean "Diddy" Combs' lawyer says the music mogul got a standing ovation from fellow prisoners when he returned to the federal lockup in Brooklyn after the verdict.
The antisemitic posts from Grok came days after Elon Musk wrote on X that the chatbot had been improved "significantly."
The American Federation of Teachers, a labor union representing educators, announced on Tuesday that it is partnering with OpenAI and Microsoft to train instructors on the use of artificial intelligence in the classroom. Paresh Dave, senior writer for Wired, joins CBS News with the details.
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.
The new training academy in Manhattan will be geared toward training educators in an effort to harness AI technology in the classroom.
Amazon's extended Prime Day event kicks off on Tuesday. The online retail giant also deployed its one millionth robot to a fulfillment center in Japan. Scott Dresser, the Vice President of Amazon Robotics, joins with more details.
Researchers were able to date the fossil of the flying reptile, a close cousin of dinosaurs, back to more than 209 million years ago.
Scientists at Oregon State University are working to change people's minds about sharks--and are learning more about the health of the ocean in the process.
From the Clotilda to the Titanic, archaeologist James Delgado shares insights from his 50-year career.
The move is part of the government's plans for protecting the U.S. from the New World screwworm fly, which could devastate its beef industry and even kill household pets.
A satellite program that has historically been a key source of weather forecasting data will be discontinued no later than July 31, according to a message posted by NOAA.
The Treasury Department has sanctioned a North Korean cyber operative accused of running a scheme using remote IT jobs to raise money for leader Kim Jong Un's nuclear program. CBS News Homeland Security correspondent Nicole Sganga reports.
In a court hearing Tuesday, Sean "Diddy" Combs' attorneys asked for an earlier sentencing date than the one currently set for October 3. Combs was convicted last week on prostitution-related charges, but acquitted on the most serious sex trafficking and racketeering counts. Combs faces up to 20 years in prison, but prosecutors are seeking five-to-six years behind bars. CBS News legal reporter Katrina Kaufman has more.
Bruno's trainer urged police to "find the killers before I do."
Sean "Diddy" Combs is back in court on Tuesday for a post-trial hearing on his sentencing schedule. CBS News' Katrina Kaufman has the latest.
One recruit who reportedly survived the ranch said those who refused orders or tried to escape were beaten, tortured and killed.
A new observatory in Chile has produced a stunningly detailed image of a nebula resembling cotton candy, using the largest telescope in the world.
Running a week late because of weather, it was clear sailing Sunday for Blue Origin's 13th passenger flight.
The American Meteor Society said it received more than 160 reports of a fireball sighting from observers in Georgia and South Carolina.
The exoplanet, a planet beyond our solar system, has been dubbed TWA 7b after NASA's James Webb Space Telescope captured evidence of it.
NASA's James Webb Telescope has captured unprecedented pictures of a newly discovered exoplanet, a planet that is outside our solar system.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Protests against the Trump administration took place across the U.S. Saturday. The demonstrations were held to mark the 250th anniversary of the start of the Revolutionary War.
Bizarre clues and evidence in the investigation into the Colorado mother's disappearance include a spy pen, plastic needle cap, and a chipmunk alibi.
LaKreesha Bates was camping with her family just one mile away from the deadly Guadalupe River floods when they found themselves in the path of disaster. Bates joins CBS News to share her experience.
A new report from the Department of Justice and the FBI found that disgraced financier Jeffrey Epstein had "no client list." President Trump was asked about it during a Cabinet meeting on Tuesday.
Survivors, first responders and officials reflect on the deadly floods and how they are searching for hope in the wake of this historic disaster.
Heavy rain triggered flash flooding in New Mexico on Tuesday, forcing rescue operations and sweeping away at least one home. CBS News' Carter Evans and Paul Heggen have the latest.
A new study in the Journal of the American Medical Association finds the health of our children has deteriorated significantly over the last 18 years. Dr. Céline Gounder joins to discuss.