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These Provisions Have No Place in an Emergency Bill

3/24/2020

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Release from Committee for a Responsible Federal Budget 

A House-proposed draft circulated Monday includes the following measures that would do little to address or mitigate the crisis:
  • Reduce student loan debt by $10,000 per borrower
  • Permanently expand Affordable Care Act (ACA) premium subsidies
  • Forgive all the U.S. Postal Service's debt
  • Make the Child Tax Credit (CTC) fully refundable for the next 6 years
  • Increase the size of the CTC by $1,600 for children under age 6
  • Bail out multiemployer pension plans that were failing prior to the crisis
  • Temporarily expand dependent care tax breaks
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