The Motley Fool: House Democrats Push for Expansion of Tax Credit Designed for Low Earners

Now, House Democrats want to make the expanded EITC a permanent fixture of the tax code. If they get their way, the increased credit could provide $12.4 billion to families in 2022, impacting 19.5 million workers, according to the Institute on Taxation and Economic Policy.

At the same time, Democratic lawmakers are pushing to keep the expanded Child Tax Credit in place through at least 2025. And many want to see the enhanced version become permanent as well. If that were to happen, it would help significantly reduce the child poverty rate on a national level and make it easier for millions of families to stay afloat. Read more