Number
190311
Version
ORIGINAL
Reference
Sponsor
ALD. JOHNSON
Title
Resolution supporting U.S. Senate Bill 690, the American Family Act of 2019, introduced by Senators Michael F. Bennet and Sherrod Brown in the 116th Congress (2019-2020).
Analysis
This resolution expresses the Common Council’s support of U.S. Senate Bill 690, the American Family Act of 2019, which was introduced by U.S. Senators Michael F. Bennet and Sherrod Brown on March 6, 2019, which makes the child tax credit fully refundable and establishes an increased tax credit for young children. This resolution directs the Department of Administration - Intergovernmental Relations Division to lobby for passage of this legislation.
Body
Whereas, U.S. Senators Michael F. Bennet (D-CO) and Sherrod Brown (D-OH) introduced the American Family Act of 2019 on March 6, 2019, to overhaul the existing Child Tax Credit for the purpose of making it a more effective tool for supporting middle-class families with children and reducing child poverty; and
Whereas, U.S. Representatives Rosa DeLauro (D-CO) and Susan DelBene (D-WA) introduced a companion bill of the same name in the House of Representatives; and
Whereas, The American Family Act would replace the current Child Tax Credit with an expanded version based on research regarding effective methods of improving outcomes for children; and
Whereas, The Columbia University Center on Poverty and Social Policy released a report that found the American Family Act would reduce child poverty by 38 percent; and
Whereas, The legislation would do the following:
1. Create a new expanded credit for children under age 6.
2. Increase the maximum child tax credit for all children under age 17.
3. Make both credits fully refundable.
4. Provide a tax credit for all households with children headed by individuals who earn less than $150,000 per year and all married couples who earn less than $200,000 per year.
5. Index the credit for inflation.
6. Set up ...
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