Biden To Expand Child Tax Credit
Here are the details…
In an attempt to further gain support heading into the midterm elections, Senate Democrats are now begging President Biden to keep the expanded child tax credit payments going as the White House is currently working to bring back a smaller version of the Build Back Better bill.
In a letter to Biden, Democrats urged the president to reconsider because the child tax credit payments reduced child poverty in America by more than 40%
According to Fox, Democrats wrote to Biden, “Without the expanded credit, nearly 10 million children will be thrown back into or deeper into poverty this winter, increasing the monthly child poverty rate from roughly 12% to at least 17%. Raising taxes on working families is the last thing we should do during a pandemic.”
President Biden and most of the Democrats had a plan in place within the initial Build Back Better bill that would have kept the child tax credit alive for another year however that was canceled after Sen. Manchin pulled support.
