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Biden says he's 'not sure' that he'll be able to renew monthly checks to parents in his big bill

Added 01-19-22 08:14:03pm EST - “The revival of the expanded child tax credit has been thrown into serious jeopardy due to resistance from Sen. Joe Manchin.” - Businessinsider.com


Posted By TheNewsCommenter: From Businessinsider.com: “Biden says he's 'not sure' that he'll be able to renew monthly checks to parents in his big bill”. Below is an excerpt from the article.

President Joe Biden conceded on Wednesday that the expanded child tax credit may not survive the negotiations around his $2 trillion Build Back Better bill.

"There's two really big components that I feel strongly about that I'm not sure I can get in the package," Biden said at a news conference on Wednesday. "One is the childcare tax credit and the other is help for the cost of community colleges."

He added both are "massive things" that he's campaigned on and would attempt to get them in the event both are dropped.

Biden's comments amount to a remarkable admission that he may fail to renew a program forming the center of the party's anti-poverty agenda. The child tax credit was expanded for a year under the stimulus law, which widened its reach to families who don't have to pay taxes for the first time and boosted its amount to $3,000 per kid and $3,600 for each child age 5 and under.

Congress allowed it to expire last year, though Democrats want to revive it for a year as part of their Build Back Better plan. The package has stalled out for now due to opposition from a key holdout within their ranks: Sen. Joe Manchin of West Virginia. Without his support, Senate Democrats can't muscle it through over unified GOP resistance in the 50-50 Senate and turn it into law.


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