Tags: Trump Administration | Trump Tax Reform | ivanka trump | child tax | gop | legislation

Ivanka Trump: Child Tax Credit Vital Part of Tax Legislation

Ivanka Trump: Child Tax Credit Vital Part of Tax Legislation
(AP)

By    |   Thursday, 21 December 2017 09:54 AM

Increasing the child tax credit as part of extensive tax reform legislation was a vital part of ensuring the bill would benefit everyday taxpayers, Ivanka Trump, who has been pushing on the issue, said Thursday.

"The president was very clear that he wanted this bill to accomplish two goals, of American businesses to be competitive and therefore lead to wage increase for working Americans," Trump, a special adviser to her father, President Donald Trump, told Fox News' "Fox & Friends" program.

"We all know that the cost of raising children has gone up exponential in this country. Until recently, wages have stagnated," she added. "Raising children is a very important investment that we, as a country, can make and in the future, this is the next generation of American workers, American entrepreneurs and innovators."

The child tax credit and refundability was expanded, she pointed out, and the standard deduction for families was doubled.

The child tax credit was a sticking point for Sen. Marco Rubio, R-Fla., who told Senate leadership last week he would vote against the GOP tax plan if it does not include a larger expansion of it that he'd pushed along with Sen. Mike Lee, R-Utah. 

Ivanka Trump pointed out that the child care provision, as well as other things that were expanded on the bill, were the ones at would have a "meaningful impact for everyday Americans."

"One of the things that was really so amazing to me traveling across the country was the sense of financial [problems] most American families experience," said Trump. "The average American family can't come up with $400 in the event of an emergency, and my father is committed to changing that. This administration is committed to changing that."

Tax reform, she continued, is an "enormous vehicle" to create the growth that will lead to prosperity for all Americans.

"This is a historic milestone, historic accomplishment," she said. "We're all incredibly excited. We've been working so closely with Congress and as an administration been unified in achieving the president's goals."

News that companies are planning to give bonuses and pay raises in connection with the tax bill passage are just the beginning, she continued.

"I believe the tax reform is so critical for us to be competitive and create that next generation of American entrepreneur and small business owners and give them the confidence to launch their business and give them the confidence to invest in their business and invest in their workforce," she said.

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Increasing the child tax credit as part of extensive tax reform legislation was a vital part of ensuring the bill would benefit everyday taxpayers, Ivanka Trump, who has been pushing on the issue, said Thursday.
ivanka trump, child tax, gop, legislation
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2017-54-21
Thursday, 21 December 2017 09:54 AM
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