Connecticut Child Tax Credit: Democrats Pushing For Its Implementation As It Has A Greater Economic Impact Than Mere Deductions

The Connecticut child tax credit, if pushed through, will benefit 75% of households with children.

A greater economic impact is expected if the Connecticut child tax credits get approval. (Photo: WXPR)

Connecticut Child Tax Credit

Supporters are pushing for a state-based Connecticut child tax credit. Those who are pushing for the said Connecticut child tax credit have cited its benefits for families and the economy.

Data suggests that 75% of households with children would benefit from the Connecticut child tax credit. Projections from the Connecticut child tax credit also indicate $306 million in refunds distributed to eligible families.

The Democratic proposal about the Connecticut child tax credit would start at $50 per child and increase to $600 per child over four years. Aside from the Connecticut child tax credit, the Republicans are advocating for a child tax deduction.

According to a published article by SmartNews, Democrats argue that the Connecticut child tax credit would have a greater economic impact. The impact of the Connecticut child tax credit is said to be bigger for families compared to the deduction.

Lawmakers On The Connecticut Child Tax Credit

In a published article by WFSB, lawmakers in Connecticut are advocating for a permanent child tax credit to help families with the high cost of childcare.

The proposed credit would be $600 per child for up to three children for households with an income of $200,000 or less. Governor Lamont supports this initiative, and there is bipartisan interest since federal and state child tax rebates have ended.

Another proposal being debated is “Tri-Share,” where the cost of childcare would be split between parents, employers, and the state. Lawmakers are also considering an incubator program to help families set up childcare at home.

With strong support for affordable childcare, these initiatives have a good chance of passing.

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