Senate Parental Leave Plan Would Accelerate Child Tax Credit

By Dylan Moroses (July 30, 2019, 6:48 PM EDT) -- New parents would be allowed an advance of up to $5,000 in child tax credits to help defray the costs of taking parental leave under a bipartisan proposal unveiled Tuesday in the U.S. Senate.

The proposal, sponsored by Sens. Bill Cassidy, R-La., and Kyrsten Sinema, D-Ariz., would allow parents to claim an initial $5,000 child tax credit upon the birth of a child or adopting a child younger than 6, and a $1,500 credit over the following 10 years, reduced from the usual $2,000, to help pay for parental leave or for initial child care expenses. Existing parental leave options are...

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