The American Family Act would expand the Child Tax Credit (CTC) for low- and middle-income families. The CTC would increase from $2,000 under current law to $3,000 for each child age six and older and to $3,600 for each child younger than age six. The proposal removes limits on the refundable part of the credit so that low- and moderate-income families with children could receive the entire credit.
For more information, see the ITEP report, Understanding Five Major Federal Tax Credit Proposals.
Lead Sponsor/Proponent |
General Explanation |
Share Going to Bottom 60% |
Share Going to Richest 20% |
Total Cost CY 2020 |
| Sen. Michael Bennet Rep. Rosa DeLauro |
Major expansion of Child Tax Credit | 74% | 2% | $105.2 billion |
State Impact National Impact Who Benefits? Distribution by Race
