End Child Poverty: New Benefits and Tax Changes
This act establishes a new universal child assistance program, replacing existing child tax credits and earned income tax credits. Its goal is to provide regular payments to families with children under 19 to combat poverty. Additionally, it introduces new tax credits for adult dependents and for adults and families.
Key points
Introduction of monthly payments for children under 19 residing in the U.S. who meet citizenship or immigration status criteria.
Establishment of a new office within the Social Security Administration to manage the child assistance program.
Repeal of the current child tax credit and earned income tax credit, replacing them with the new payment system.
Introduction of new refundable tax credits for adult dependents and for adults and families, with income limitations.
Status:
Expired
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