White House facing Democratic pressure for $1 trillion-plus permanent expansion of child tax credit
Added 04-21-21 07:23:02am EST - “A group of Democratic lawmakers is calling a permanent extension of the child tax credit a "priority" amid reports that the White House is only planning to seek to extend it for a few more years.” - Washingtonexaminer.com
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A group of Democratic lawmakers is calling a permanent extension of the child tax credit a “priority” amid reports that the White House is only planning to seek to extend it for a few more years.
President Joe Biden’s administration is working on finalizing a proposal for another massive spending package that will follow the White House’s $2.3 trillion infrastructure package. An administration official confirmed to the Washington Examiner on Tuesday that the second package will focus on building economic security for the middle class with funding for child care, education, and other areas.
The proposal, which is being billed as the American Families Plan, would cost at least $1 trillion and is set to include a provision that would extend the child tax credit, which was recently strengthened for a year as part of Biden’s $1.9 trillion American Rescue Plan, through 2025, the Washington Post reported.
Democratic lawmakers, who pushed the COVID-19 spending package through Congress without a single Republican vote by using a budgetary tactic, had beefed up the child tax credit during that process.
Prior to the expansion, families received a credit of up to $2,000 per child under age 17. The expansion imposed as part of the American Rescue Plan offers families $3,600 for children under 6 and $3,000 for older children, with a crucial change being the removal of an income threshold for those to receive funds — so a family with no income would still receive the full $3,600 or $3,000 payments.
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