Goodbye ‘godsend': Expiration of child tax credits hits home
3 years ago

Goodbye ‘godsend': Expiration of child tax credits hits home

Associated Press  

CHARLESTON, W.Va. — For the first time in half a year, families on Friday are going without a monthly deposit from the child tax credit — a program that was intended to be part of President Joe Biden’s legacy but has emerged instead as a flash point over who is worthy of government support. Manchin’s opposition in the evenly split Senate derailed Biden’s social spending package and caused the expanded tax credits that were going out in the middle of every month to expire in January. You go down and get a package of hamburger and it’s $7-8 a pound.” By the Biden administration’s math, the expanded child tax credit and its monthly payments were a policy success that paid out $93 billion over six months. Manchin has proposed a 10-year, funded version of Biden’s economic proposal that would scrap the child tax credits focus and instead finance programs such as universal pre-kindergarten, to avoid sending money directly to families.

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History of this topic

Loss Of Child Tax Credit Payments May Have Hurt Joe Biden’s Approval Rating
2 years, 9 months ago

Loss Of Child Tax Credit Payments May Have Hurt Joe Biden’s Approval Rating

Huff Post  

LOADING ERROR LOADING Parents who received monthly child tax credit payments were likelier than the average voter to approve of President Joe Biden last year, but actually might have become less likely to approve of Biden after the checks stopped. As Biden’s approval among likely voters sagged last fall, the apparent boost from the child tax credit diminished as well. …

Goodbye ‘godsend’: Expiration of child tax credits hits home
3 years ago

Goodbye ‘godsend’: Expiration of child tax credits hits home

LA Times  

Hairdresser Chelsea Woody stands outside her car at a grocery store in Charleston, W.Va. For the first time in half a year, families on Friday went without a monthly deposit from the child tax credit — a program that was intended to be part of President Biden’s legacy but has emerged instead as a flash point over who is worthy …

Everything You Need To Know About The Child Tax Credit
3 years, 6 months ago

Everything You Need To Know About The Child Tax Credit

Huff Post  

LOADING ERROR LOADING Starting Thursday, most American families will start receiving a check for as much as $300 per child every month through the end of this year, as part of the $2 trillion American Rescue Plan’s expansion of the child tax credit that congressional Democrats passed in March. They doubled the child tax credit in their 2017 Tax Cuts …

Parents Would Keep Getting Monthly Checks Under Joe Biden's 'American Families Plan'
3 years, 8 months ago

Parents Would Keep Getting Monthly Checks Under Joe Biden's 'American Families Plan'

Huff Post  

LOADING ERROR LOADING Parents would receive monthly checks, even after this year is over, under President Joe Biden’s forthcoming multitrillion-dollar plan for American families. Economic advisers initially planned on a four-year extension of the child tax credit that would expire in 2025, The Washington Post first reported and HuffPost confirmed with two administration officials. Democrats significantly increased the child tax …

Biden Plan To Expand Child Tax Credit Could Help Lift Millions Of Kids Out Of Poverty
3 years, 11 months ago

Biden Plan To Expand Child Tax Credit Could Help Lift Millions Of Kids Out Of Poverty

NPR  

Biden Plan To Expand Child Tax Credit Could Help Lift Millions Of Kids Out Of Poverty Enlarge this image toggle caption Pool/Getty Images Pool/Getty Images A big part of President Biden's coronavirus relief package is focused on children. Sponsor Message Currently, he says, "the child tax credit is a $2,000 credit, and it's very simple for middle-class children and higher-income …

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