These Provisions Have No Place in an Emergency Bill

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