On the recordJune 5, 2025
over the last 4 years, every American has felt the pain of inflation, and this financial strain has hit working families particularly hard. Large price increases set back millions of parents, forcing them to dig into their savings and even go into debt sometimes just to pay their bills. That is why, as a part of budget reconciliation, Congress passed legislative language to permanently increase the child tax credit, index it to inflation, and add a $500 increase, bringing the total tax credit to $2,500. Changes to the tax code, including expanding the child tax credit, will help save the average family more than $1,300 a year. It is time to deliver real tax relief for working families that they so desperately need. I call on my colleagues in the Senate to protect these provisions and make sure that working families are being helped and, after 4 years of rising costs, finally deliver parents the relief that they deserve.
Source
govinfo.gov
