Washington, D.C. — Today, Colorado U.S. Senator Michael Bennet released the following statement after Republican leaders refused to negotiate a deal to extend the Child Tax Credit for American families alongside research and development tax incentives for American businesses:
“Republican leaders decided to send a lump of coal to America’s children this year. We know that the most significant step Congress can take to help America’s children is to support an expanded Child Tax Credit. When Congress took action on this in 2021, we cut childhood poverty in America in half. We have the data. We know it worked.
“But over the last few weeks, Republican leaders in Washington refused to even discuss a deal that would benefit America’s kids and businesses. They were absent from the negotiating table, and the coming year will be much harder for America’s families as a result. I will continue to oppose cutting taxes for corporations without passing an expanded Child Tax Credit.”