What Will Happen to the Child Tax Credit Under a GOP-Controlled Congress?
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In the lead up to Election Day, presidential candidates had big ambitions for the future of the child tax credit, which is set to expire next year. That looming deadline means Congress will have to take up the credit in 2025, deciding whether to let it lapse, lock it in as is or expand it further. But despite what had been proposed on the campaign trail, there is unlikely to be a major expansion…