How Senate Republicans killed the child tax credit and made Tax Day 2024 worse for families

By the end of Monday, tens of millions of American families will have claimed their child tax credit on their 2023 tax returns. But for many families, that credit will be hundreds, or even thousands, of dollars smaller than it could have been. And all the blame for those smaller credits belong to Senate Republicans. In 2021, the American Rescue Plan temporarily increased the tax credit from $2,000, where it was set under the 2017 tax cuts, to $3,000 .

a Republican who supports the bill, told NBC News’ Sahil Kapur that the deal is “on life support.” Led by Idaho Sen. Mike Crapo, the senior Republican on the Finance Committee, Republican senators have claimed to be negotiating in good faith. However, the changes they’ve demanded would scuttle Democratic support for a bill already tilted toward corporate tax breaks or require finding entirely new sources of funding.

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