House GOP deny Rubio on child tax credit

“What if we do less like some are suggesting?” Rubio said Tuesday on the Senate floor. “Let’s just raise the tax credit to $500, but let’s not make it refundable against payroll tax. They’ll get a tax cut of about $263. And when you compare that to some of the tax cuts you’re going to see in other parts of this tax reform, I would say that’s not nearly enough. It’s certainly not enough to make a difference.

“But what if you do this: what if you double the value from $1,000 to $2,000 of the tax credit and you make it refundable towards payroll tax. That couple, with those two children, will have a tax cut of $1,263. Now that doesn’t solve all their problems, but it makes a difference.”