philip964 wrote:I'm suspecting they were originally going to have a larger child tax credit. But someone said hey lets let one of our members be a hero. So they reduced it and allowed Rubio to grandstand and make some favorable press. He may be their 2020, go to candidate if Trump doesn't or can't run, especially if they let him introduce the new DACA legislation.
The child tax credit is still $2,000. Rubio was holding out to increase the percentage of the child tax credit that's refundable. If you know what that means, think about that
for a minute.
If you're not sure what it means, a "refundable" tax credit is like a gun "buyback" where the politicians' words don't mean the same as they do in plain English. In a gun buyback, the government is paying money to buy guns that the government never owned in the first place. In a refundable tax credit, the government is paying money to somebody above and beyond a full refund (real English) of everything they paid in income tax in the first place. It's a handout, not a refund, plain and simple.
So the real story is Rubio demanded a bigger handout for the 47% (according to Mitt) that don''t pay income tax.