NCC Urges Senate to Pass The American Families and Workers Tax Relief Act
Over the past several weeks, the National Council of the Churches of Christ in the USA has strongly advocated for the passage of H.R. 7024, The American Families and Workers Tax Relief Act of 2024. In February, the House of Representatives passed H.R. 7024 by a bipartisan majority vote. Now that the House has passed the bill, action will move over to the Senate. NCC implores the Senate to support this critical legislation that will support roughly 16 million children in low-income families and lift more than 400 million children out of poverty by expanding access to child tax credit though a phased increase to the refundable portion of the child tax credit for 2023, 2024, and 2025; eliminating the penalty for larger families to ensure the child tax credit phase-in is applied fairly to families with multiple children; providing a one-year income look—which will create flexibility for taxpayers to use either current- or prior-year income to calculate the child tax credit in 2024 or 2025—and inflation relief by adjusting the tax credit for inflation starting in 2024, according to the Senate Finance Committee and House Ways and Means Committee. Read more about H.R. 7024 in this fact sheet. In a statement applauding the House action to pass H.R. 7024, Senate Finance Committee Chairman Ron Wyden reaffirmed support for the bipartisan bill saying, “I’m going to work with Leader Schumer and my colleagues on both sides to get this done as soon as possible.” NCC is calling on our member communions to contact your senators (find contact information for your senators here) and urge them to support the Tax Relief for American Families and Workers Act of 2024. |