JD Vance’s $5,000 Child Tax Credit: Could this be a game-changer for parents struggling with education costs?

JD Vance’s proposal to increase the child tax credit to $5,000 per child aims to ease financial burdens for families, especially those struggling with rising education costs. The credit could help cover tuition fees, books, extracurricular activities, and even after-school programs. However, concerns remain over its cost, fiscal impact, and the potential to disproportionately benefit higher-income families. While promising, the proposal’s true effectiveness in addressing broader education challenges remains to be seen.