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November 9 2017

Parents: Do You Want to Keep More of Your Paycheck?

by Ericka Andersen Sylvester

It's tough to find an issue these days that can garner bipartisan support, but the Child Tax Credit is certainly one that's up for grabs. IWF supports increasing the Child Tax Credit because it puts more money back in the pockets of parents to choose how to best spend for the needs of their children. 

The new GOP tax plan calls for raising the Child Tax Credit from $1,000 to $1,600 per child, which could be a huge help for many families struggling to make tough financial decisions everday. As IWF President Carrie Lukas and policy analyst Julie Gunlock discuss in our latest podcast episode, this aspect of the GOP bill should have everyone cheering. 

While some say increasing tax credits like this can decrease revenues, it should also encourage lawmakers to stop generating useless, overpriced government programs that don't pan out for children in the long run. Parents know how to best spend money on their children and should be trusted to do so. Helping working families is a huge priority and the Child Tax Credit provides a great opportunity to do that. 

Listen in on this conversation about how the Child Tax Credit will benefit American families: 

Independent Women’s Forum’s mission is to improve the lives of Americans by increasing the number of women who value free markets and personal liberty. Sister organization of Independent Women’s Voice.
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