Child tax credit, ACA subsidy extension in House Democrats' tax plan

House Democrats hope to extend existing child cash payments through 2025 and make expanded ACA subsidies permanent as part of a new tax plan lawmakers released on Monday.

WASHINGTON — House Democrats are hoping to extend the existing child cash payments through 2025 and make the expanded Affordable Care Act subsidies permanent as part of the new tax plan lawmakers released on Monday.

The sweeping $3.5 trillion proposal currently winding through Congress is likely to be the subject to intense political jockeying over the next several weeks, but Democrats are hoping to include popular provisions like the child tax credit and pay for them with tax increases on businesses and upper earners.

Rep. Maxine Waters, D-Calif., left, Ifetayo Ewing, director of Ethel Bradley Early Education Center, and House Speaker Nancy Pelosi are greeted by students before a news conference to discuss the importance of the Child Tax Credit at the Ethel Bradley Early Education Center on Aug. 12, 2021 in Los Angeles.

To pay for the large spending bill and tax cuts, the plan includes tax increases for the wealthy and some businesses.

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