Senator Joe Manchin (DW.
J. Scott Applewhite / AP
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J. Scott Applewhite / AP
Senator Joe Manchin (DW.
J. Scott Applewhite / AP
The next, and possibly final, payment from the expanded child tax credit will be released on Wednesday, December 15. The program, which passed in March as part of the Plan President Biden’s Rescue of America, sends monthly checks to eligible families with children: up to $300 per month for children under six and $250 per month for children aged 6- 17 years old. . The amount decreases gradually for families with higher incomes. Payments start going in July.
Studies have shown that monthly payments help child poverty alleviation and child starvation domestic. White House says program has potential to cut child poverty in half.
But since the plan to resume payments tied to the president’s Build Back Better social spending bill remains stalled in Congress, it remains unclear whether the monthly checks will continue into the new year. Are not.
So where does everything stand on Capitol Hill?
While the House was pass Last month’s Build Back Better bill, the law still needs to be passed by the Senate before it can reach President Biden’s desk for his signature.
Senate Majority Leader Chuck Schumer, DN.Y., said he plans to put the Build bill back better for a floor vote by Christmas, but the process still faces some setbacks. serious concern.
Included in the law is a one-year extension of the CTC, which will need to pass by the end of the year for monthly payments to resume into January.
If the law is not passed until early next year, there is still a chance that the payments will come at that time. But supporters of the bill have pointed out that any delay would hurt families who have been living on the credit for months.
What caused it not to be passed?
Democrats remain apprehensive about the 50 votes they need to pass a Better Rebuild bill in the Senate using the budget adjustment process, which lowers the threshold needed to pass most all bills from 60. If they get 50 votes in favor of the bill, Vice President Kamala Harris will vote dissent.
Fifty Republicans oppose the plan, and Democrats have yet to secure the support of two key figures in the party: Joe Manchin of West Virginia and Kyrsten Sinema of Arizona.
Sinema has been silent about her specific objections to the bill, but has signaled support for the child tax credit in the past. Manchin, meanwhile, has repeatedly raised concerns about Price in the $2 trillion spending plan.
Manchin said with President Biden on Monday to talk about his concerns with the law, which he said revolves around the effect its price tag will have on rising inflation.
