House Democrats unveil partial draft of COVID relief bill
The House Ways and Means Committee is slated to mark up legislative proposals for approximately half of the $1.9 trillion COVID relief package over three days beginning February 10.
The measures includes an additional direct payment of $1,400 per person and extends temporary federal unemployment benefits through August 29, 2021.
In addition, the bill calls for the following related to tax credits targeted at individuals and families:
* Enhancing the Earned Income Tax Credit for workers without children by expanding the maximum credit and extending eligibility.
* Expanding the Child Tax Credit to $3,000 per child ($3,600 for children under 6) and making it fully refundable and advanceable.
* Expanding the Child and Dependent Care Tax Credit (CDCTC) to allow families to claim up to half of their child care expenses.
The completed markup will eventually be added to legislative proposals made by 12 other House committees to create a single bill. The goal is getting the legislation through the House by the end of February.