Josh Hawley is calling for the Child Tax Credit to more than double in value, rising from the current maximum of $2,000 per child to $5,000 per child annually. Parents would be able to claim the credit in the year in which a pregnancy begins,

Sen. Josh Hawley (R-Mo.) is making a big opening bid in the 2025 tax battle, calling for the child tax credit to increase from a maximum of $2,000 to $5,000 per kid, Axios has learned. Why it matters: Such a plan could cost $2 trillion to $3 trillion over 10 years.

Here's what officials in the incoming Trump administration have said about potentially expanding the child tax credit.

Sen. Josh Hawley (R-Mo.) is proposing a huge expansion of the child tax credit (CTC), setting up a potential fight with budget hawks as GOP lawmakers work to hash out their priority tax bill. Hawley wants to increase the CTC to a maximum of $5,

Minnesotans who qualify for the state Child Tax Credit will have the option to receive advance payments during the upcoming tax filing season. Governor Tim Walz says Minnesota is the first state in the nation to offer this option for Child Tax Credit recipients.