child tax credit, Trump
Child tax credit may face changes under Trump
With President Trump’s return, the future of the child tax credit is uncertain. Currently capped at $2,000 per child under the 2017 Tax Cuts and Jobs Act, the credit could revert to $1,000 in 2026 unless Congress acts. Bipartisan support exists to maintain the $2,000 credit, but no guarantees are in place.
[UPDATE] Tesla and General Motors stand to bear the brunt of the elimination of the federal EV tax credit.
The bill is intended to benefit small businesses and stimulate local outlets that are struggling across the state.
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