House Passes the American Families and Workers Tax Relief Act by Majority Vote
The House of Representatives passed H.R. 7024, The American Families and Workers Tax Relief Act of 2024, by an overwhelming majority (357-70). Senate Finance Committee Chairman Ron Wyden and House Ways and Means Committee Chairman Jason called the legislation “a commonsense, bipartisan, bicameral tax framework that promotes the financial security of working families, boosts growth and American competitiveness, and strengthens communities and Main Street businesses.” Expand access to child tax credit: phased increase to the refundable portion of the child tax credit for 2023, 2024, and 2025. Eliminate penalties for larger families: ensure the child tax credit phase-in is applied fairly to families with multiple children. One-year income lookback: create flexibility for taxpayers to use either current- or prior-year income to calculate the child tax credit in 2024 or 2025, as was the case with the bipartisan action taken six times in the past 15 years. Inflation relief: adjust the tax credit for inflation starting in 2024.
The NCC has long advocated to make the child tax credit permanent. The Tax Relief for American Families and Workers Act of 2024 is a step in the right direction. If enacted into law, the measure will support roughly 16 million children in low-income families and lift more than 400,000 children out of poverty. | 
