A new report from the Nevada Current highlights that President Biden and congressional Democrats’ expansion of the child tax credit is benefiting over 595,000 Nevada children as more than 350,000 families have received the recurring monthly tax cut of up to $300 per child.
Despite that, Republican U.S. Senate candidate Adam Laxalt is opposed to the tax cuts for families, slamming Democrats’ Build Back Better Act plan to continue the “key tax cut for middle-class families with children.”
While opposing Democrats’ tax cuts for Nevada working families, Laxalt has continued to defend his support for the 2017 Republican tax law’s trillion-dollar giveaway to the wealthiest 1% and the biggest, most-profitable corporations.
Nevada Current: Nevada families have netted $750 million from child tax credit so far this year
By Jeniffer Solis, 11/30/21
- “Nevada families have received more than $750 million from expanded child tax credit direct payments since the program began in July.”
- “More than 595,000 children in Nevada benefited from the credits in November, according to data released by the U.S. Treasury and Internal Revenue Service.”
- “In Nevada, $155 million was distributed to 353,000 qualified families, representing 595,000 eligible children this month. That follows the $153 million distributed to Nevada families in October.”
- “The average November child tax credit payment received per qualifying family was $441 in Nevada, according to the IRS. Slightly more than the national average payment of $435.”
- “On Monday, Deputy Treasury Secretary Wally Adeyemo joined Rep. Steven Horsford in Las Vegas to meet with the congressman’s constituents and talk about the value of the expanded child tax credit in Nevada, calling the policy ‘a key tax cut for middle-class families with children.’”
Read the full report here.
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Published: Nov 30, 2021 | Last Modified: Dec 10, 2021