With the Senate tax bill securing passage late Friday night, the Republican tax bills now move to a conference committee tasked with resolving the differences between the House and Senate. One of the challenges: reconciling proposed changes to the child tax credit, a provision central to both plans. During a CNN debate on tax reform last week, a single mother of four earning $23,000 a year asked Senator Tim Scott (R-S.C.) how the Senate Tax Cuts and Jobs Act will help families like hers. Scott responded by touting the Senate plan to double the current child tax credit. “Our goal in this tax reform conversation is to deliver your money back in your paychecks,” he said.
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