Tell me if this scenario sounds familiar: Two Republican senators concerned with rising tax burdens on families propose a child tax credit (CTC) that would be refundable against both income and payroll taxes. Party leaders tout the plan as evidence of their pro-family bona fides and include it in their larger tax plan. Business groups soon realize that the cost of the tax credit will hinder their ability to get the large business-tax cuts they seek and quietly push party leaders to drop the provisions allowing families to apply the credit against their payroll-tax liability. The Wall Street Journal cheers them on ...

December 13 2017

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Rubio-Lee’s Defeat Was a Bipartisan Slap in the Face to Families

Joshua T. McCabe

Tell me if this scenario sounds familiar: Two Republican senators concerned with rising tax burdens on families propose a child tax credit (CTC) that would be refundable against both income and payroll taxes. Party leaders tout the plan as evidence of their pro-family bona fides and include it in their larger tax...

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