Resident Commissioner proposes Puerto Rico receive equal treatment in CTC
SAN JUAN — Resident Commissioner Jenniffer González filed a bill to provide Puerto Rico’s parents with less than three children, reimbursement under the federal Child Tax Credit (CTC).
If House Bill 798 is approved, an estimated 355,000 families could receive $770, for a total $273,350,000.
“Currently, workers in the United States are eligible to receive this benefit regardless of how many kids they have. However, in Puerto Rico the Child Tax Credit only applies to workers with three children or more. This is one of the bills that would help our families overcome poverty and lead them to improve their condition,” said González in written statements.
Under the CTC, working parents may receive payments upwards to $1,000 per dependent child, as long as they don’t owe federal taxes. The resident commissioner maintained that the bill would help working parents with low or medium income to cover their expenses, as well as businesses because CTC receivers would be able to invest their money.
The resident commissioner said that the bill would implement one of the suggestions made by the Task Force, created under the Puerto Rico Oversight, Management & Economic Stability Act (Promesa) and composed of two republican congressmen and two democrats from the U.S. House and Senate.
The Task Force recommended changes in federal policies that would reduce child poverty in the island, as well as boosting Puerto Rico’s economic development and treating the U.S. territory more fairly in federal health programs. The work team made these suggestions in late December of last year.