California lawmakers are proposing a state child tax credit for low-income families

LOS ANGELES (KABC) — California state lawmakers are proposing a child tax credit for low-income families to offset the expiring federal tax credit.

AB 2589 would leverage California’s unprecedented $68 billion budget surplus. The one-time payment of $2,000 per child would be paid to families earning $30,000 or less per year, according to a press release.

The bill would also increase California’s minimum earned income tax credit from $1 to $255, benefiting low-income taxpayers with no dependents, the release said.

Member of Parliament Miguel Santiago, who represents the district covering parts of downtown Los Angeles and Boyle Heights, announced the bill Monday morning.

“I am confident that as we recover from the pandemic, the Appropriations Committee will pass AB 2589 and bring California closer to supporting our lowest-income families,” Santiago, the bill’s lead author, said in a statement.

The bill is waiting to be heard by the assembly’s budget committee on Thursday.

Copyright © 2022 KABC Television, LLC. All rights reserved.

https://abc7.com/california-child-tax-credit-ab-2589-miguel-santiago/11858500/ California lawmakers are proposing a state child tax credit for low-income families

Chrissy Callahan

World Time Todays is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@worldtimetodays.com. The content will be deleted within 24 hours.

Related Articles

Back to top button