[ad_1] While President Joe Biden and Congress try to figure out how to pass his major spending initiatives — and to what extent they’ll be passed — Democrats also intend to implement another major change in federal income tax policy as part of the process. And Biden and virtually all Democrats in Congress have made
Child tax credit
[ad_1] Democrats are scrambling to craft their multitrillion-dollar social spending package while seeking to avoid any points of contention that could threaten party unity. Many key aspects of the package pertain to taxes. Democrats want to extend expansions of tax credits benefiting low- and middle-income households that were enacted under President BidenJoe BidenElder pledges to