Taxpaying American parents have been hit with a tax hike yearly since 2018 because inflation has eaten up 25% of the value of the $2,000 child tax credit, or CTC.

In response, Freshman Senator Jim Banks (R-IN) is taking up the pro-family banner in the Senate, introducing a bill to increase the CTC to $3,000 for school-aged children and $4,200 for younger kids. His bill is nearly identical to a House bill, the “Family First Act,” sponsored by Rep. Blake Moore (R-UT).