Summary
Connecticut lawmakers are working on a proposal to introduce a refundable child tax credit (CTC) of $600 per child, with a limit of $1,800 per family. This effort aims to help families with the high cost of living and follows the end of a similar, temporary federal benefit. The proposal has significant support from the state's Democratic lawmakers.
Key Facts
- Connecticut is considering a refundable child tax credit of $600 per child, capped at $1,800 per household.
- This proposal hopes to provide financial relief to families in a state with high living costs.
- The plan is supported by a large number of Democratic lawmakers in both the Senate and House in Connecticut.
- During the COVID-19 pandemic, Congress temporarily boosted the federal child tax credit, benefiting many families.
- Estimates indicate that Connecticut families face high living costs, with a significant percentage unable to afford basic needs.
- Republican lawmakers have suggested broader tax cuts and raised concerns about making the credit refundable.
- Connecticut Governor Ned Lamont has enacted various relief measures, showing support for further financial assistance for residents.
