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Trump hints at an expanded child tax credit, an idea championed by Marco Rubio

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@alextdaugherty

President Donald Trump may have just handed Sen. Marco Rubio a long-awaited gift: an expanded child tax credit. 

During a White House speech on Wednesday, Trump referenced the child tax credit and said, "You'll hear the numbers very soon but they're even larger than anticipated." 

Trump's remarks came a day after GOP leaders proposed a higher corporate tax rate to pay for lower taxes on couples that make $1 million or more less than two weeks after they rebuffed Rubio's idea to raise corporate taxes to pay for an expanded child tax credit.

Rubio wasn't happy.

Rubio has been pushing for an expanded child tax credit for months, and the Florida Republican wanted to pay for it by imposing a small increase in corporate taxes. He said in in October that expanding the child tax credit to $2,000 from the current cap of $1,000 was a major priority and that he would vote against a tax bill that didn't help middle class families. 

“I’m not going to vote for an increase on the middle class,” Rubio said. “But we’re not going to get to that point. We’re not that crazy around here.”

But Rubio and Utah Sen. Mike Lee haven't publicly threatened to vote against the tax overhaul bill to create leverage for their demands. The Senate voted down their expanded child tax credit proposal two weeks ago, but Rubio and Lee voted for the bill.

The child tax credit reduces some families' tax bill for every child they have under the age of 17. 

 

Republicans are barreling towards a final vote on a tax overhaul that slashes personal and corporate taxes. They aim to vote on the final package before Christmas and they have added urgency to act fast after Democrat Doug Jones defeated Republican Roy Moore in an Alabama special election on Tuesday. Once Jones is seated, Republicans will only control 51 of 100 seats in the upper chamber. Tennessee Republican Sen. Bob Corker said he won't vote for the plan, leaving Senate Republicans with almost no room for dissent within the ranks. 

"We want to give you, the American people, a giant tax cut for Christmas," Trump said on Tuesday.  

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