-Child credit for $2k/child that doesn't phase out until an AGI of over $1million (this one's got to be a mistake, really?!?! I've got 3 children, so I'm getting $6k lopped off my taxes, WTF?!)
Admittedly it's been hard to keep up with this, but I hadn't seen that. Do you have a source?
Apparently the phaseout limit is $500k, not $1million, which we are still under.
I searched for "child tax" in the amendments section, and only found one amendment by Rubio that was ruled out of order, so I'm assuming the language above is as current as we have. News reports today are saying they may increase the amount that can be refundable, which will be good for low income earners who would otherwise get almost nothing from these CTC changes, but I'm not hearing the final amount or the income ceiling that will be in the final bill.
https://www.congress.gov/bill/115th-congress/house-bill/1/text?format=xml&q=%7B%22search%22%3A%5B%22hr1%22%5D%7D&r=1SEC. 11022. Increase in and modification of child tax credit.
(a) In general.—Section 24 is amended by adding at the end the following new subsection:
“(h) Special rules for taxable years 2018 through 2025.—
“(1) IN GENERAL.—In the case of a taxable year beginning after December 31, 2017, and before January 1, 2026, this section shall be applied as provided in paragraphs (2), (3), (5), (6), (7), and (8). In the case of taxable year beginning after December 31, 2017 and before January 1, 2025, this section shall be applied as provided in paragraph (4).
“(2) CREDIT AMOUNT.—Subsection (a) shall be applied by substituting ‘$2,000’ for ‘$1,000’.
“(3) LIMITATION.—In lieu of the amount determined under subsection (b)(2), the threshold amount shall be $500,000.