JD Vance tries out a $5,000 expanded child tax credit proposal to secure support from the pro-family crowd

2024-08-11 21:10:10+00:00 - Scroll down for original article

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By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Access your favorite topics in a personalized feed while you're on the go. download the app Thanks for signing up! Go to newsletter preferences Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Sen. JD Vance could use an image boost. Since becoming former President Donald Trump's pick for vice president, the Ohio Republican has been hounded by some controversial past comments. From previously calling himself a "never Trump guy" to disparaging several top Democratic Party leaders as "childless cat ladies," he's repeatedly had to address remarks that have raised eyebrows. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Amid his ongoing effort to solidify his image as pro-family (but not in a "weird" way), Vance on Sunday floated a generous $5,000 child tax credit during an interview on CBS' "Face the Nation." Advertisement "I'd love to see a child tax credit that's $5,000 per child. But you, of course, have to work with Congress to see how possible and viable that is," Vance told host Margaret Brennan. Vance is working to position the GOP as the party that would do more to help families. And with most voters continuing to rate the economy as their top issue heading into the general election, the child tax credit remains a top issue for many lawmakers in Washington. Related stories The current child tax credit allows up to $2,000 per child. During the coronavirus pandemic, Congress expanded that amount to an annual credit of $3,000 to $3,600, depending on the age of the child, but Republicans let that provision expire at the end of 2021. Advertisement There's bipartisan support for an expanded credit in the House. But the Senate — with its slim 51-seat Democratic majority and the need for 60 votes to break a filibuster — has held up any meaningful progress on the issue. In early August, the Senate voted 48-44 on the expanded child tax measure, meaning it did not advance. Vance missed that vote. While on CBS, the Ohioan referred to Senate Majority Leader Chuck Schumer's legislative move as a "show vote," saying it simply didn't have enough support to pass regardless of his presence. The absence will likely contribute to Democratic efforts to play up the issue ahead of the election as the party looks to hold the White House, keep the Senate, and flip the House.